FII FnO Data Analysis for 23 March

• FII's sold 26 K contract of Index Future worth 575 cores,8.8K Long contract were squared off by FII's and 17.1 K short contracts  were added  by FII's. Net Open Interest increased  by 8.3  K contract.

As per Pyrapoint Analysis Nifty Opened nifty is entering the support zone of 180 degree and holding well above its red line.  Gann Box also suggests we are entering a support zone and shorts should be cautious. Also Gunner in the second chart suggests we are nearing the sell target, so profit booking in shorts should be done. We can see another round of decline if 8550 on Nifty is broken , if not we can see a fast and swift bullish move above 8600..

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