FII sold 3.6 K contract of Index Future worth 235 cores, Net OI has increased by 966 contract, 1.3 K Long contract were liquidated by FII and 2.2 K short were added by FII. Net FII Long Short ratio at 1.21, So FII used rise to exit longs and enter shorts.
As discussed in last analysisNifty has broken the low of Mercury Ingress and did our 1 target of 12151 and now we are waiting for target of 12080.Bulls will get active above 12250 for a move back to 12290/12351. Bears failed to do 2 target of 12080, above 12250 bulls were active and did our 1 target of 12290. Now till we are holding 12250 we can rally towards 12351/12400. Bears will get active below 12225 for a move back to 12161/12125.