FII sold 13.7 K contract of Index Future worth 1310 cores, Net OI has decreased by 9K contract, 11.3 K Long contract were covered by FII and 2.3 K Shorts were added by FII. Net FII Long Short ratio at 2.8 So FII used rise to exit longs and enter shorts.
As Discussed in Last AnalysisNow Bulls need to move above 13565 for a move back to 13623/13681/13740. Bears below 13498 can fall till 13449/13405/13333.Nifty Gunner chart is shown below suggesting price is at a crucial zone and another blow out move should be seen.Bulls need to break 13505 for a move back to 13555/13610/13666. Bears below 13450 can push index back to 13390/13333/13276.