Nifty shows range expansion,FII FnO Data Analysis
- FII's
bought 5.6 K contract of Index Future worth 228 cores,1.2 K Long
contract were squared off by FII's and 6.9 K short contracts were
squared off by FII's. Net Open Interest decreased by 8.2 K contract so
today's rise was used by FII's to squared off both longs and shorts
in Index Future. Are you a Loss making trader ?
As discussed in last analysis Triangle
pattern in hourly pattern as shown in below chart, has broken on
upside, we need to see follow up move on Monday. Gunner is also entering
new quadrant and pyrapoint analysis suggests Nifty is ready for an
explosive move. Nifty obliged by showing an
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