Nifty corrects from pyrapoint resistance,FII FnO Data Analysis

• FII's bought 49 K contract of Index Future worth 1256 cores ,19.4 K Long contract were added  by FII's and 29.5 K  short contracts  were added  by FII's. Net Open Interest decreased  by 10K contract, so today's correction  was used by FII's to enter  longs in index futures and exit shorts in index futures. Are You Comfortable with your trading ?

Nifty today again was unable to cross the pyrapoint resistance,after a very good Infosys number finally succumbed to selling pressure after 2 PM and made a lower low of 8517 and closed at lowest point of the day.Pyrapoint suggest support lies in zone of 8492/8500 range. Holding the same Nifty can see a rise to break

Continue Reading