Nifty shows wild swing,FII FnO Data Analysis

• FII's bought 5.5 K contract of Index Future worth 170 cores,8.1K Long contract were added by FII's and 2.5 K short contracts  were added  by FII's. Net Open Interest increased  by 10.7 K contract.So again we got a volatile day which was used by FII's to buyer at lower level.

As discussed in Weekly Analysis we are in volatile cycle and it will be there till 27 March and same is experienced today also. As per Pyrapoint Analysis Nifty Opened above 135 degree line took resistance at red line as shown in below chart and once the blue line got broken saw fast and swift decline and is heading near the zone

Continue Reading