FII FnO Data Analysis for 18 June

• FII's sold 4861 contract of Index Future worth 190 cores, 1.3 K Long contract were squared off and 3.5 K short contracts were added. So FII's are continue adding shorts in Index Future even though Nifty has risen around 100 points suggesting rise was backed by short covering only.

Nifty after doing consolidation for most of day, showed a fast rise which caught most of traders unaware and saw a fast and ferocious rally . Now the range of 7637-7657 becomes an extremely important resistance,unable to cross the same we can see back to 7474 levels and closing above

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