Wednesday, February 3

Nifty close near demand zone of 7366, FII FnO Data Analysis

FII
  • FII's sold 6.4 K contract of Index Future worth 353 cores ,3.9 K Long contract were liquidated by FII's and 2.5  K short contracts were added by FII's. Net Open Interest decreased  by 1.4 K contract, so fall in market was used by FII's to exit long and  enter shorts in  Index futures. How to Manage Trading Stress
As discussed in Last Analysis   Now we have support in the range of 7366-7380 which should be watched, for a possible bounceback as shown in gunner and supply demand chart. Bullish only close above 7575. Bearish below close of 7366. Nifty opened with gap


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