FII FnO data analysis for 7 Jan

• FIIs sold 12844 contracts of Index Future  worth 396 cores (4106 Longs were added and 16950 shorts were added ) with net Open Interest increasing by 21056 contracts, so FII's added majority shorts and partial long as hedge in today's session.
  

Nifty closed below its 50 SMA and Bank Nifty below its 200 DMA, which is bearish for market in short term. Bullish only above 6225, on downside


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