Nifty Futures Technical Analysis - Intraday and Positional Trading calls

1. FIIs bought  1190 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 53.31 cores with net Open Interest decreasing by 5426 contracts.
2. As CNX Nifty Future was up by 20 points with Open Interest in Index Futures decreasing by 5426, so FIIs have booked profit  in both longs and short in Nifty and Bank Nifty Futures.Why i say so yesterday we gave an indication of FII shorting the index today they covered at lower level bought longs that to got squared off. As the average Buy rate comes as an weird number of 8959 suggesting intraday trades taken by FII.

3. NS closed at 6002 after making high ..

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