Nifty forms doji,FII FnO Data Analysis

• FII's bought 10 K contract of Index Future worth 266 cores ,8.8 K Long contract were added by FII's and 1.2 K  short contracts  were squared off by FII's. Net Open Interest increased  by 7.5 K contract, so today's market was used by FII's to exit shorts in index futures and enter longs. Exercise to Relive Stress for traders

Nifty continue to form higher high and higher low formation , still unable to cross  crucial supply area as discussed in Weekly analysis. Today close was  and our supply area was at 8588.65. Crossing/

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