Nifty continues its uptrend,FII FnO Data Analysis

• FII's bought 63.8 K contract of Index Future worth 1511 cores ,55.2  K Long contract were added  by FII's and 8.5 K  short contracts  were squared off  by FII's. Net Open Interest increased  by 46.6 K contract, so today's rise was used by FII's to enter longs in index futures Are you Victim of Fear of losing ?

As discussed in previous analysis  Nifty is heading towards 1*2 gann line and closing above it and pyrapoint resistance of 8487 will give green signal to bulls for rally till 8600/8670, Nifty closed

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