FII FnO Data Analysis for 18 Feb

• FII's bought 21.7 K contract of Index Future worth 512 cores, 2.2 K Long contract were added  by FII's and 19.5 K  short contracts  were squared off by FII's. Net Open Interest decreased  by 17.2 K contract ,so FII's added long  in Index Futures and squared off shorts in index futures.

Nifty rise was again halted  near a big trendline resistance of 8830-8840 range, Nifty has 3 failed attempt in crossing this range, and today crossed above it but was again unable to cross.   Gann Box is also approaching the green line but still unable to close above it keeping both bulls and bears in limbo.

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