Nifty Future Trend for 13 Dec

1. FIIs  sold 2604 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 75.99 cores with net Open Interest increasing by 15696 contracts.
2. As CNX Nifty Future was down by 0.15 points with Open Interest in Index Futures increasing by 15696, so FIIs have booked profit in shorts and also created fresh longs in  Nifty and Bank Nifty Futures.IIP data showed green shots are coming in Indian economy but it also fades the hope of rate cut by RBI
3. NS closed at 5888 after making high of 5925 and low of 5874, The pattern exhibited by Nifty is favoring both Bulls and bears, Let me elaborate...

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