FII bought 10.4 K contract of Index Future worth 888 cores, Net OI has decreased by 3.9 K contract 3.2K Long contract were added by FII and 7.1 K Shorts were covered by FII. Net FII Long Short ratio at 1.97 so FII used rise to enter longs and exit shorts.
As discussed in Last AnalysisBulls did 1 target on upside with gap up bears did 1 target on downside and again we closed above 16281,Till we are holding 16281 bulls can rally towards 16332/16396/16461/16554. Bears will again get active below 16250 for a move back to 16185/16112/16066. Bulls did 2 target on upside,now till we are holding 16309 bulls can rally towards 16417/16489. Bears have chance below 16289 for a move back to 16225/16162.