Nifty fails to cross supply area, FII FnO Data Analysis

FII's bought 27.1 K contract of Index Future worth 598 cores ,21.6 K Long contract were added by FII's and 5.5 K  short contracts  were squared off by FII's. Net Open Interest increased  by 16.1 K contract, so today's market was used by FII's to exit shorts in index futures and exit shorts. Why traders who trade on news are Bound to fail in long run. Nifty continue to form higher high

Posted in: Technical Analysis