Friday, January 9

Nifty ready for Big move, FII FnO Data Analysis

FII
  • FII's sold 6.1 K contract of Index Future worth 62 cores, 17.3 K Long contract were squared off  by FII's and 11.1 K  short contracts  were added  by FII's. Net Open Interest decreased  by 28.4 K contract ,so FII's squared off  both long  shorts in Index futures.
This is what we discussed yesterday Now expect another gap up tomorrow going by historical data and traders should watch 8325-8320 range where next level of resistance lies ie. yeallow line of gann box as shown in below chart. Nifty made exact high near the yeallow line of gann box in volatile session of trade. Now 8300..


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