Nifty breaks 20 DMA, FII FnO Data Analysis

FII's sold 35 K contract of Index Future worth 857 cores ,16.8 K Long contract were squared off by FII's and 18.1K  short contracts  were added  by FII's. Net Open Interest decreased  by 1.2 K contract, so today's fall in market was used by FII's to exit long in index futures and enter shorts .When You fail as a trader Nifty formed  lower low and lower high as it was unable to cross 

Posted in: Technical Analysis