Nifty November Expiry Analysis

FII's sold 445 contract of Index Future worth 54 cores ,7.3 K Long contract were added by FII's and 6.9 K short contracts were added by FII's. Net Open Interest increased  by 14.2 K contract, so rise in market was used by FII's to enter long and enter shorts  in  Index futures. As discussed in last analysis   Holding 7916 we might has formed a short term bottom and see rally till 8130/

Posted in: Technical Analysis