Nse Nifty 50 Technical Analysis

1. FIIs sold 14202  Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 421 cores with net Open Interest increasing by 12068 contracts. Are you Victim of “Out of Control Trading”
2. As CNX Nifty Future was up by 49 points Highest in Feb Series with Open Interest in Index Futures increasing by 12068 so FII did short covering on small basis. Net on Net they are still short in Index.
3. NS closed at 5940 after  making high of 5948 and low of 5883.Nifty continued with formation of  Higher High and Higher Low and today formed a Bullish engulfing pattern. Range of 5950-5974 is tricky range an

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