Will Nifty Bears be Whipsawed again?

FII's sold 8.4 K contract of Index Future worth 578 cores ,3.1 K Long contract were liquidated by FII's and 5.3 K Short contracts were added by FII's. Net Open Interest increased  by 2 K contract, so rise in market was used by FII's to exit long and enter short in  Index futures. FII's Long to Short Ratio decreased to 2.9 suggesting decisive move round the corner. Are You Trading for

Posted in: Technical Analysis