Nifty near supply zone, FII FnO Data Analysis

• FII's bought 34.1 K contract of Index Future worth 801 cores ,33.3 K Long contract were added by FII's and 779  short contracts  were squared off FII's. Net Open Interest increased  by 34.1 K contract, so today's rise in market was used by FII's to enter long  and exit  shorts in Bank Nifty Index futures  Learn to Conquer the Fear and Emotions in Trading

This is what we discussed yesterday    Nifty formed double bottom at 7540 as 08 Aug 2014 low and today low were same. Gann arc/Fibo Fans also provided support and gave indication of rally and we are heading towards 7760/7830 if 7700 held on closing basis. Next 2..

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