Nifty forms double bottom, Will it hold after RBI Policy

FII's sold 21.8 K contract of Index Future worth 1379 cores ,21.6 K Long contract were liquidated by FII's and 0.2 K short contracts were added by FII's. Net Open Interest decreased  by 21.3 K contract, so rise in market was used by FII's to exit  long and enter shorts  in  Index futures. Where learning ends, beginning of practice happens and that is transformation !!  As discussed last

Posted in: Technical Analysis