Nifty closes above 50 DMA, FII FnO Analysis

FIIs bought 27134 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 784 cores with net Open Interest decreasing by 5034 contracts. FII continued with  short covering today, but still no sign of fresh longs.Accepting Loss in trading Nifty continued with its rally, and closed above 50 DMA @5770 which it was … Read more

FII Derivative Data Analysis for 23 August Trade in Nifty Future

1. FII  bought 7345  Contracts of NF ,worth 183 cores  with net OI decreasing by 3965 contracts. 2. As Nifty Future was down by 11  points and OI has decreased by 3965 , FII have started booking profits  Index futures. The way we fell down from 5455 NF suggests profit booking. 3. NS closed at … Read more