Nifty technical set up before crucial RBI policy

FII's sold 9.8 K contract of Index Future worth 188 cores ,7.1 K Long contract were squared off by FII's and 1.5 K  short contracts  were added by FII's. Net Open Interest decreased  by 6.6  K contract, so today's rise was used by FII's to exit longs in index futures and enter shorts. Trading Behaviors That Destroy Traders Nifty continue to form higher high and higher low formation

Posted in: Technical Analysis