FII FnO Data Analysis before Fed Event

• FII's sold 1.3 K contract of Index Future worth 50 cores ,16.7 K Long contract were squared off by FII's and 15.3 K  short contracts  were squared of by FII's. Net Open Interest decreased  by 32.1 K contract, so today's rise in market was used by FII's to exit both long  and shorts in  Index futures  Five Fed Scenarios & The Market Impact

Nifty closed above its gann trendline resistance as shown below gunner chart,will be see follow up move till  7948/8050 on Upside, In case of filed breakout

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