FII sold 11.8 K contract of Index Future worth 1389 cores, Net OI has decreased by 55.7 K contract 29 K Long contract were liquidated by FII and 26.7 K Shorts were liquidated by FII. Net FII Long Short ratio at 1.62 so FII used fall to exit longs and exit shorts.
As discussed in Last AnalysisNifty also did our target of 14081 as forecasted on 13 Jan, Now As we will open gap down today watch out for 13824 we will get 150 points move above or below it. Bulls need to hold 13824 for a rally towards 13888/13924/13999. Bears below 13810 can see fall towards 13743/13686/13610. It was a wild expiry and level helped us in capturing both upside and downside move, Now we have Mercury Perihelion happening tommrow suggesting another big move will be seen. Mercury is ruling plannet for nifty so tommrow high and low will be important for budget day trading. Bears need to break 13780 for a move back to 13721/13663/13604. Bulls above 13830 can rally back to 13889/13948/14007.