Thursday, July 9

Nifty forms evening star pattern,FII FnO Data Analysis

FII
  • FII's sold 16.3  K contract of Index Future worth 271 cores ,7.4 K Long contract were squared off  by FII's and 8.9 K  short contracts  were added  by FII's. Net Open Interest increased  by 1.5 K contract, so today's fall was used by FII's to enter shorts in index futures Are you Victim of "Out of Control Trading"
Nifty after yesterday Doji candle, opened with big gap down due to turmoil going in china (China Crashes Most Since 2007) bulls tried to fill gap but break of Trend Changer level lead to bigger fall, Nifty broke important support of 8370. Today Bulls needs to close above 8398 for come back. As shown in

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