FII Data Analysis for 28- Jan
- FIIs sold 17978 contracts
of Index Future (sold 2662 long contracts and 15316 short contracts were added)
with net OI increasing by 12654 contracts at same time Nifty lost 130.90 points
and closed at 6135.85 (Spot) Vs. 6266.75
(Spot) previous close.
- Now nifty at
support zone FIIs built new short position & unwind long contracts so nifty
drag down heavily. Bears are on charge
so some downside is expected from here.
- Nifty spot has
resistance at 6190 – 6240 & support at 6140 – 6070.
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