Tuesday, 15 July 2014

Nifty & FII Data Analysis for 16 July 2014

  • FIIs bought 1794 contracts of Index Future (bought 8503 long contracts and 6709 short contracts were added) with net OI increasing by 15212 contracts. FIIs were net buyers today.
  • FII added some short contracts and also bought some long contracts. As discussed in last report nifty bounced from swing low. This momentum will continue in coming days.
  • Nifty has support at 7505 – 7460 & resistance at 7570 – 7600 (spot).

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