Nifty bounces from gann support, FII FnO Data Analysis

FII's bought 8.7 K contract of Index Future worth 435 cores ,4.7 K Long contract were squared off by FII's and 13.4 K  short contracts  were squared off by FII's. Net Open Interest decreased  by 18.2 K contract, so today's rise in market was used by FII's to exit long and shorts in index futures .Happy Independence Day 2015 Nifty bounced from the  support area as discussed in Weekly

Posted in: Technical Analysis