FII Data Analysis for 9- Jan
- FIIs sold 16791
contracts of Index Future (sold 14799 long contracts and 1992 short contracts
were created) with net OI decreasing by 12807 contracts at same time Nifty gain
12.35 points and closed at 6174.5 (Spot)
Vs. 6162.25 (Spot) previous close.
- FIIs creating
shorts positions on index future and same time unwinding long contracts. From last
three trading sessions FIIs unwind 18953 long contracts and creates 54018 short
contracts suggest bearish sentiment ahead.
- Nifty spot has
resistance at 6194 – 6225 & nifty has support at 6140 – 6115. If support
not broken in next 1-2 trading session then sharp bounce back is possible.
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