Nifty keep bulls and bears on tenterhook,FII Data Analysis
- 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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