Nifty saw black Friday,FII FnO Data Analysis for 07 Sep

• FII's sold 15.6 K contract of Index Future worth 356 cores ,1.5 K Long contract were added  by FII's and 17.1 K  short contracts  were added by FII's. Net Open Interest increased  by 18.6 K contract, so today's rise in market was used by FII's to enter long  and enter  shorts in Index futures  Reason for Sensex crashing to 13 month low

Black Friday was witnessed on Dalal Street as nifty break its previous swing low of 7667 and closing below its. Weekly trend with combination of gann date proved a lethal dose for bears.7563 becomes a very important level to be watched in coming week as this is the high of May 16

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