Nifty break 8000,FII FnO Data Analysis

• FII's bought 2.7 K contract of Index Future worth177  cores ,33.2  K Long contract were added by FII's and 30.4  K  short contracts  were added  by FII's. Net Open Interest increased  by 63 K contract, so todays fall was used by FII's to add both shorts and long in index futures.Trading Journal: Important step towards Professional trading

Nifty after 8 months closed below 8000 and in the process invalidate the morning star pattern formed yesterday and made a bearish engulfing pattern. Nifty failed to sustain above 8156 and saw sharp and swift fall in morning hours. Again Pyrapoint gave early indication of the fall as the red line

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