FII FnO Data Analysis before FOMC statement

• FII's sold 26.8 K contract of Index Future worth 525 cores,23.5 K Long contract were squared off  by FII's and 3.3 K short contracts  were added  by FII's. Net Open Interest decreased  by 20.1 K contract.

After yesterday DOJI candlestick formation , Nifty formed an inside day candlestick today,  saw a volatile move today with bearish bias, before FOMC meeting. As discussed in Weekly Analysis we are in volatile cycle and it will be there till 27 March.  As per Pyrapoint Analysis Nifty yesterday Nifty has closed above the 135 degree line..

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