Wednesday, January 7

Nifty forms Doji pattern, FII FnO Data Analysis

FII
  • FII's sold 11.9 K contract of Index Future worth 216 cores, 23.4 K Long contract were squared off  by FII's and 11.5 K  short contracts  were squared off by FII's. Net Open Interest decreased  by 35 K contract ,so FII's squared off both long and shorts in Index futures.
Nifty hourly chart touched the support line and formed a doji candlestick pattern similar to the one @ lows 7961 signalling short term bottom . Tomorrow going by historical data..

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