Nifty forms hanging man,FII FnO Data Analysis

• FII's bought 13.2 K contract of Index Future worth 251 cores ,15.5 K Long contract were added by FII's and 2.2 K  short contracts  were added  by FII's. Net Open Interest increased  by 17.8  K contract, so today's rise in market was used by FII's to enter  long and   shorts in  Index futures Stock Market from Six Blind men perceptive

As discussed yesterday Now the next important zone of resistance is 8178-8188 which needs to be closely watched.Nifty opened with gap up made high @8180 and corrected back forming hanging man candlestick pattern.Moving above today

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