FII Derivatives Analysis for 21May Trade
FII FnO Analysis for 21 May trade in Nifty Future
As we have discussed in Last Thursday (Click on Link to see
) post Nifty looks ripe for Bounce and fresh shorting should not be
done,Nifty obliged us with opening gap down and showing a quick recovery
and rallied to almost 122 points. Hope traders make good money on
Friday.
1. FII sold 297 Contracts of Index Futures worth 20 cores OI decreased by 22009.
2. As Nifty Futures was up by 34 points and 122 points from days low with OI decreased by 22009 , which signify shorts were covered by FII.Still no signs of long addition so till now it is just a technical bounce.
3. 78.6% Fibo Retracement from 4531-5630 comes at 4767 and Nifty Spot made a low of...
Read the Full Story
As we have discussed in Last Thursday (Click on Link to see
) post Nifty looks ripe for Bounce and fresh shorting should not be
done,Nifty obliged us with opening gap down and showing a quick recovery
and rallied to almost 122 points. Hope traders make good money on
Friday.1. FII sold 297 Contracts of Index Futures worth 20 cores OI decreased by 22009.
2. As Nifty Futures was up by 34 points and 122 points from days low with OI decreased by 22009 , which signify shorts were covered by FII.Still no signs of long addition so till now it is just a technical bounce.
3. 78.6% Fibo Retracement from 4531-5630 comes at 4767 and Nifty Spot made a low of...
Read the Full Story
posted by Bramesh at
8:15 AM
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