Nifty breaks 20 DMA, FII FnO Data Analysis

• FII's sold 35 K contract of Index Future worth 857 cores ,16.8 K Long contract were squared off by FII's and 18.1K  short contracts  were added  by FII's. Net Open Interest decreased  by 1.2 K contract, so today's fall in market was used by FII's to exit long in index futures and enter shorts .When You fail as a trader

Nifty formed  lower low and lower high as it was unable to cross  crucial supply area as discussed in Weekly analysis.This is what we discussed yesterday Gann Box with hourly charts are also shown with support and resistance so got resisted at 8x1 line and saw a quick fall till 3x1line, breaking today low of 8497 will see Nifty moving towards 2x1 line @8454. Support now lies in range of 8375-8400 range, Gann Box break of

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