Nifty rallies above 7634,EOD Analysis

FII's bought 2.8 K contract of Index Future worth 251 cores ,4.3 K Long contract were liquidated by FII's and 7.1 K short contracts were liquidated by FII's. Net Open Interest decreased  by 11.5 K contract, so rise in Nifty market was used by FII's to exit long and  exit shorts in  Index futures.Does it Hold True Let your Winners run and Cut your losses As discussed in Last Analysis  

Posted in: Technical Analysis