FII bought 4.6 K contract of Index Future worth 559 cores, Net OI has increased by 5.1 K contract 4.9 K Long contract were added by FII and 292 Shorts were added by FII. Net FII Long Short ratio at 1.2 so FII used rise to enter longs and enter shorts.
As Discussed in Last AnalysisPlan remains the same Bulls need to hold this level of 15541 and close above 15610 for the move to contiue towards 15668/15743/15843, Bears need to break 15525 for a move back to 15455/15382/15323. Low made today was 15611 so Bulls got an entry and did 1 target on upside and now waiting for 15743/15843. As RBI Policy will come tommrow try to 30 mins after policy announcement to capture the trend, Bears need to break 15600 for a move back to 15541/15455/15382/15323. Price is back to gann angle resistance so cautious on longs and trail your positions. All Dips in curent week were bought and it can be classic case of Buy Rumuor Sell News kind of day as price and time cycle are meeting.