Tuesday, September 1

Nifty breaks 7800 again, FII FnO Data Analysis

FII
  • FII's sold 26.5 K contract of Index Future worth 697 cores ,10 K Long contract were squared off by FII's and 15.8 K  short contracts  were added by FII's. Net Open Interest increased  by 5.4  K contract, so today's fall in market was used by FII's to exit long  and enter  shorts in Index futures  How to Prepare Successful Trading Plan Part-I
We have been discussing in previous analysis 7948-7961 is important zone of support below that we can see market moving to sub 7800 zone. Nifty opened with gap down made high of 7929 and started the decline to sub 7800 levels. Pyrapoint was able to capture both top and bottom of todays
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