Nifty closes above 50 DMA, FII FnO Analysis

• FIIs bought 27134 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 784 cores with net Open Interest decreasing by 5034 contracts. FII continued with  short covering today, but still no sign of fresh longs.Accepting Loss in trading

Nifty continued with its rally, and closed above 50 DMA @5770 which it was unable to cross from past 5 times. Falling trendling resistance as discussed in weekly analysis needs...


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