Nifty near demand zone, Will Bihar election result change the trend ?

FII's sold 15.3 K contract of Index Future worth 858 cores ,5.8 K Long contract were liquidated by FII's and 9.4 K  short contracts  were added by FII's. Net Open Interest increased  by 3.6 K contract, so today's fall  in market was used by FII's to exit long and  enter shorts in  Index futures, We have discussed various scenarios which we can see after Bihar Election results are declared

Posted in: Technical Analysis