Monday, October 12

Nifty forms outside bar pattern,FII FnO Data Analysis

FII
  • FII's bought 35 K contract of Index Future worth 742 cores ,29.7 K Long contract were added by FII's and 5.2 K  short contracts  were liquidated by FII's. Net Open Interest increased  by 24.5  K contract, so today's fall in market was used by FII's to enter  long and   exit shorts in  Index futures Different Kind of Traders,Which one are you ?
Nifty again opened gap up touched its 100 DMA and again came down to fill gap and unable to close above 100 DMA and gann box resistance as shown is below chart.

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