FII Data Analysis for 7- Feb

• FIIs sold 8186 contracts of Index Future (square off 4249 long contracts and 3937 short contracts were added) with net OI decreasing by 312 contracts.

• FIIs continue adding short contracts from last couple of days and nifty able to sustain at 200 days moving average suggest good sign. There is 6.34 lacks shares added in 5900 PUT strike open interest and some more open interest added in 6200 & 6300 CALL strikes.

• Nifty spot has resistance at 6090 – 6140 & support at 5995 – 5960