Tuesday, June 18

Nifty corrects from trendline resistance, FII Data analysis

FII
  • FIIs sold  10992 Index Future worth 321 cores with net Open Interest increasing by 23064 contracts.FII continued shorting in index futures.
Nifty has closed above 200 DMA is past 3 trading sessions. Today it took resistance at the falling trendline and gave a sharp pullback. After the formation of bullish island reversal pattern..

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