FII FnO Analysis for 17 May trade in Nifty Future

FII FnO Analysis for 17 May trade in Nifty Future
Nifty continued with its free fall as per our analysis,but many traders have stuck with longs at higher levels and question in everyone mind is when will the reversal come.Can it come at 4800 or 4500 etc. If you want to be profitable trader you need to get above such thought process,You need to develop a system and follow the system with discipline.Ignoring the noises around you. Having "Faith and Trust" in yourself and your system only can help you in the journey of becoming a profitable trader.
So Stop searching for Top and Bottom,coz they will comes only once in a while but concentrate more on "How will you trade the moves".
1. FII  sold 34739  Contracts of NF worth 756 cores OI increased by 31363.
2. As Nifty Futures was down  by 85  points and OI has increased  by 31363 , which signify more shorts have entered the system.
3.Nifty closed below 4900 which is at 4 months low with INR making a Life time high of 54.62. Rise in INR increases our Current account deficit which is bad for our economy. 78.6% Fibo Retracement from 4531-5630 comes at 4795 so a close below this will be bearish and ...

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