Nifty Trading Strategy for 7 Mar based on FII F&O analysis

1. FIIs bought 6613 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 191 cores with net Open Interest increasing by 12937 contracts. Share pledging How it works?
2. As CNX Nifty Future was up by 39 points, with Open Interest in Index Futures increasing by 12937  so FII have created longs in today's session after shorting the whole feb series today they have gone long on positional basis.
3. NS closed at 5819 after  making high of 5829 and low of 5795. Nifty opened today with a upside  gap of 32 points, but was unable to sustain above the gap area gave gains in afternoon session but still we have a

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