FII FnO Data Analysis for 31 Aug

• FII's bought 116 K contract of Index Future worth 2512 cores ,104 K Long contract were added  by FII's and 11.5 K  short contracts  were liquidated by FII's. Net Open Interest increased  by 93.2  K contract, so today's rise in market was used by FII's to enter long and square off  shorts in index futures  .Japan's Legendary "Twitter Trader" Reveals The Secret Of His Multi-Million Dollar Success

Nifty saw correction of 834 points in 4 trading sessions, saw a pullback of 424 points in 4 trading session and retraced 50% of the fall.  Going forward Nifty has to cross important gann resistance line of 1*2 as shown in below chart for bigger retracement.7948-7961

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