S&P CNX Nifty and Bank Nifty Trading Strategy for 21 Feb

1. FIIs bought 12240  Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 366 cores with net Open Interest increasing by 20800 contracts. Are you an average trader?
2. As CNX Nifty Future was up by 10 points with Open Interest in Index Futures increasing by 12800 so FII did short covering today in Nifty Futures but Bank Nifty still remains a shorting candidate.
3. NS closed at 5943 after  making high of 5971 and low of 5937.Nifty continued with formation of  Higher High and Higher Low and today also but unable to sustain at higher levels. Range of 5950-5974 is tricky ..

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