Wednesday, August 19

Nifty keep bulls and bears on tenterhook,FII Data Analysis

FII
  • FII's sold 18.4 K contract of Index Future worth 522 cores ,4.9 K Long contract were squared off by FII's and 13.5 K  short contracts  were added  by FII's. Net Open Interest increased  by 8.5 K contract, so today's rise in market was used by FII's to exit long and enter  shorts in index futures .Want to be Profitable Trader,Develop the following Qualities
Nifty has formed multiple tops near 8530/8525 in past 4 trading sessions and traded in 111 points range in past 3 sessions. These range bound market takes maximum profit out of trader who are unable to understand the changing market conditions,best strategy is to wait for breakout of this


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