FII Data Analysis for 24- Jan
- FIIs bought 3674
contracts of Index Future (bought 3405 long contracts and 269 short contracts
were covered) with net OI increasing by 3136 contracts at same time Nifty gained
6.7 points and closed at 6345.65 (Spot)
Vs. 6338.95 (Spot) previous close.
- Nifty is near at
resistance FIIs built some new long position & also shorts were
squared off and if FIIs continue to cover some more shorts then some upside rally is
possible before this expiry.
- Nifty spot has
resistance at 6360 – 6415 & support at 6315 – 6285.
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