Tuesday, November 17

Nifty stuck between 2 angles, FII FnO Data Analysis

FII
  • FII's sold 2 K contract of Index Future worth 138 cores ,2 K Long contract were liquidated by FII's and just 5  short contracts  were added by FII's. Net Open Interest decreased  by 2 K contract, so today's rise  in market was used by FII's to exit long and add just 5 shorts in  Index futures
Nifty continued with its relief rally and closed above 7820, Closing above 7820 will see nifty moving towards 7885/7937 odd levels. Support at 7771/7714 range below that new low probability will increase. Pyrapoint suggests Nifty is stuck between

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