Nifty bounces again from demand zone,FII FnO Data Analysis

• FII's bought 20.3 K contract of Index Future worth 458 cores ,22.4 K Long contract were added  by FII's and 2.1 K  short contracts  were added by FII's. Net Open Interest increased  by 24.5 K contract, so today's rise in market was used by FII's to enter long  and enter  shorts in Index futures  Offense and Defense in Trading

We have been discussing in previous analysis Nifty continued with its fall and is tad below the swing low of 7767. Nifty is now entering the demand zone of 7663 holding the same we can see sharp bounceback, unable to close above 7663 on weekly basis can

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