Monday, January 12

Nifty flirts with 50 SMA, FII FnO Data Analysis

FII
  • FII's sold 10.5 K contract of Index Future worth 244 cores, 9.9 K Long contract were added  by FII's and 20.4 K  short contracts  were added  by FII's. Net Open Interest increased  by 30.3 K contract ,so FII's added  both long  shorts in Index futures.
Nifty continued with formation of higher highs and higher lows and also crossed and closed above the 61.8% retracement also near the blue line of gann box and 50 SMA, tomorrow price action is very crucial to suggests can we see gap filling from till8378 and see further upmove till 8450 odd levels where we can triangle...

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