Tuesday, November 11

FII FnO Data Analysis for 12 Nov

FII_1
  • FII's sold 14.8 K contract of Index Future worth 347 cores, 1.3 K Long contract were added by FII's and 16.1 K short contracts  were added  by FII's. Net Open Interest increased  by 17.5 K contract , so FII have slowly started shorts in Index Futures.
Nifty has formed series of DOJI,  and today formed hanging man candlestick suggesting consolidation after rise of 660 points, As per past rallies in this year maximum range of a rally has been 650 points and nifty has completed and some consolidating with negative bias can be seen in coming session. 8350/8364 is important range unable to break and closing below 8300 can see some pullback to 8200 odd levels.
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