Nifty and Bank Nifty trading strategy

1. FIIs  sold 11822 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 349.83 cores with net Open Interest increasing by 8250 contracts.
2. As CNX Nifty Future was down by 51 points with Open Interest in Index Futures increasing by 8250, so FIIs have created fresh shorts  in  Nifty and Bank Nifty Futures.WPI data will come tommrow at 11 AM. Expectation is 7.6

3. NS closed at 5852 after making high of 5907 and low of 5841,Today Nifty has formed a double bottom which is a bullish formation if ...

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