FII sold 4 K caontract of Index Future worth 318 cores, Net OI has decreased by 48contract, 2 K Long contract were covered by FII and 1.9 K Shorts were added by FII. Net FII Long Short ratio at 1.78 So FII used fall to exit longs and enter shorts.
As Discussed in Last Analysis Today was important time cycle date as discussed in below video and we have again hit the gann angle resistance. Bulls need to break 11960 for a move back to 12025/12078. Bears will get active below 11897 for a move back to 11843/11798/11730/11666.Nifty has formed Inside Bar,unable to cross gann angle resistance, today was Sun Ingress suggesting good move should be seen in next 2 trading sessions. Bulls need to move above 11950 for a move back to 12001/12065/12121. Bears will get active below 11820 for a move back to 11770/11717/11666.