FII
Data Analysis (Contract wise Open
Interest)-
§ FIIs sold 19251
contracts of Index Future (sold 32274 long contracts and 13023 short contracts
were covered) with net OI decreasing by 45297 contracts at same time Nifty lost
50.50 points and closed at 6166.65 (Spot)
Vs. 6217.15 (Spot) previous close.
§ As we mention in
last report nifty has very strong resistance at 6235 and market could not
sustain above this and collapse today. FIIs unwind longs and also covered
shorts positions suggest mix sentiment ahead.
§ Nifty spot support
6140 – 6080 And resistance 6200 – 6235
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