Nifty ready for Big move,FII FnO Data Analysis for 23 Jan

• FII's bought 44.6 K contract of Index Future worth 901 cores, 35.6  K Long contract were added  by FII's and 9 K  short contracts  were squared off by FII's. Net Open Interest decreased  by 26.6 K contract ,so FII's added long and squared off   shorts in index future in another dull day of trading.

Nifty made new life high today @ 8774 with another DOJI candlestick formation, keeping the suspense on between Bulls and bears , Nifty is trading well above its 34 HEMA@ 8707 so till its held bulls are in control. But one caution sign is momentum has slowed down considerably in past 2 session Reduction in..

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