Nifty breaks 50 SMA,FII FnO Data Analysis

FII's sold 9.1 K contract of Index Future worth 119 cores ,43.4 K Long contract were added  by FII's and 52.6 K  short contracts  were added by FII's. Net Open Interest increased  by 96  K contract, so today's fall was used by FII's to enter  shorts and longs in index futures, as we are nearing Expiry and rollovers are happening so we are getting both long and shorts addition for FII's .

Posted in: Technical Analysis