Nifty Trading Stratergy after DMK Pullout from UPA -II

1. FIIs sold 28022  Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 806 cores with net Open Interest increasing by 13832 contracts. As discussed Nifty broke Symmetrical triangle and we saw big fall. Read more on How to trade Symmetrical Triangle pattern
2. As CNX Nifty Future was down by 99 points, with Open Interest in Index Futures increasing by 13832 so FII continued adding  shorts  in today's session.Yesterday we forewarned our readers FII are approaching Credit Policy with negative view and market rewarded traders who followed the advise. :) . Traders who are going extremly short in market thinking government w..

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