FII bought 7.2 K contract of Index Future worth 538 cores, Net OI has decreased by 62 K contract, 18.4 K Long contract were covered by FII and 44.5 K Shorts were covered by FII. Net FII Long Short ratio at 1.96, So FII used fall to exit longs and exit shorts.
As discussed in last analysisWe formed a perfect OUTSIDE BAR singalling volatile move coming as we approach montly expiry and monthly closing. Bulls need to move above 11236 for a move back to 11289/11343/11400. Bears will get active below 11181 for a move back to 11131/11078/11025.Nifty bears have broken gann line as shown in below chart,and we have monthly close tommorw Bulls and Bears will fight for 11000-11008. Nifty Bulls need to move above 11150 for a move towards 11192/11241. Bears will get active below 11051 for a move towards 11000/10955/10870.