Nifty close above 5800, FII FnO Analysis

• FIIs bought 40793 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 1218 cores with net Open Interest decreasing by 24977 contracts. FII continued with  short covering today, and formed longs in May series as only 2 days are left for expiry for April Series..Difference between Amateur & Professional Trader

Nifty continued with its rally, and closed above 50 DMA @5767 and heading towards the next all important resistnace zone of 5861-5872. Nifty has closed above 5800 after 22 sessions. Nifty also ..

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