Nifty & FIIs Data Analysis for 20 Ayg. 2014
- FIIs bought 11416 contracts
of Index Future (bought 9083 long contracts and 2333 short contracts were squared
off) with net OI increasing by 6750 contracts. FIIs were net buyers on today.
- Nifty made life
time high 7918.55 and FIIs buying long contracts & at new high they (FIIs) squaring
shorts suggest well sign for bulls. But from last 7 trading sessions nifty continually
closed above its previous day close and today formed a doji Candlestick pattern
suggest probable red signal for the bulls. Nifty may fall and retrace in next 1-2
trading sessions.
- We may see 7880 –
7825 (spot) as support zone and at upside 7920 – 7945 – 8000 (spot) is a
resistance zone.
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