Nifty continues its rise for 5 day, FII FnO Data Analysis

• FII's sold 14.3 K contract of Index Future worth 144 cores ,32 K Long contract were added  by FII's and 17.7  K  short contracts  were added by FII's. Net Open Interest increased  by 49.7 K contract, so todays rise was used by FII's to add majority longs and partial shorts in index futures. What happens when US FED Hikes Interest Rate

This is what we have discussed in last few analysis We have been advocating the range of 7930-7950 being the demand zone for Nifty from 11 June Nifty made the following lows 7958,7940,7944 and 7946 also we have discussed in Weekly Analysis  from 14 June time cycle has changed to neutral to Bullish, market obliged with 5 green close from past 5 days.  Also Nifty has

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