FII FnO Data Analysis for 03 Dec

• FII's sold 55.5 K contract of Index Future worth 1295 cores, 52.9 K Long contract were squared off by FII's and 2.5 K short contracts  were added by FII's. Net Open Interest decreased  by 50.3K contract ,so FII's squared off long in Index Futures, added shorts in index future.But with this big selling also NF was down just 20 points and BNF closed up 20 points showing no major impact seen in market. Most of these positions were bought before the event and once it got over were squared off immediately.

Nifty saw a pullback of 119 points ,so keep an eye of this pullback if it extends more than 100 points as discussed in previous post  correction will resume ,else again march to new highs will be seen.so low of...

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