FII Data Analysis for 20- Feb

• FIIs bought 5796 contracts of Index Future (bought 1561 long contracts and 4235 short contracts were covered) with net OI decreasing by 2674 contracts.

• Today FII bought long contracts and squared off shorts and stayed net buyers in index future. Today nifty closed above its 50 days EMA and 100 days EMA resistance which signs good. Now it may test upper gap at 6210 (future).

• Nifty Trading Strategy: Buy Nifty Fut above 6168 Target- 6188/ 6205  SL- 6153                                                               Sell Nifty Fut below 6145 Target- 6128/ 6118  SL- 6162