Saturday, May 14

Nifty continues with time correction,EOD Analysis

FII
  • FII's sold 4 K contract of Index Future worth 237 cores ,6.5 K Long contract were liquidated by FII's and 2.5 K short contracts were liquidated by FII's. Net Open Interest increased  by 9.1 K contract, so fall in market was used by FII's to exit long and  exit shorts in  Index futures.Cella Quinn from Dishwasher to President of Investment Firm
As discussed in last analysis As I have been seeing we are seeing time correction On 02 May nifty closed at 7800 and today 12 May closed at 7900, so in 9 trading session we moved just 100 points, this is time correction trading in a range and eating premium of options. Nifty closed today was 7814 so move just 14 points in 11 trading session,

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