Nifty & FIIs Data Analysis for 12 Aug 2014
- FIIs bought 4311 contracts
of Index Future (bought 3234 long contracts and 1077 short contracts were square
off) with net OI increasing by 2157 contracts. FIIs were net buyers on yesterday.
- FII’s went into
panic mode on Friday after a big gap down and squared off Huge Long Position in
Index Futures which were getting rollovered from March Series & on
yesterday (Monday) there was a gap up opening observed, FIIs squared off short
contracts near support zone 50 day EMA hence one pull back up to 7680-7715 is
on cards.
- Nifty has
resistance at 7680 – 7715 (Spot) & support levels comes at 7595 – 7540(spot).
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