Bulls ruling Dalal Street, FII FnO data analysis

• FIIs bought 22563 contracts of Index Future (sold 1161 long contract and 23724 shorts were squared off ) worth 665 cores with net Open Interest decreasing by 24885 contracts.SO todays rise was backed just by short covering by FII's , no fresh buying was done  by them in 150 points rise. Caution should be used on longs.
  

Nifty opened with gap up near channel support and gave the big rally, still trading in channel and trading near the higher end, Unable to close above 6207 we..

Continue Reading