Nifty holds Pyrapoint support, FII FnO Data Analysis for 18 Aug

• FII's sold 36.9 K contract of Index Future worth 600 cores ,29 K Long contract were squared off by FII's and 7.9 K  short contracts  were added by FII's. Net Open Interest decreased  by 21 K contract, so today's fall in market was used by FII's to exit long and enter shorts in index futures .Famous People Who Found Success Despite Failures

Nifty saw a big fall minutes of opening and than saw slowly and steady recovery during the course of day. Pyrapoint again came to rescue for Bulls as Nifty took support at Blue line as shown in below chart and saw recovery during the day as shown in below chart.  Pyrapoint suggests support have increased

Continue Reading