Nifty and Bank Nifty Trading Strategy

• FIIs sold 5588 contracts of Index Future (Entered long in fresh 14889 Contracts and  20477 fresh shorts were added) worth 155 cores with net Open Interest increasing by 35366 contracts. Today's rise also FII are entering shorts at higher levels.Also FII did lot of intraday trading which is visible from wild swing we got in Intraday. It has been an awesome series with profit of 1.89 lakh as per Intraday Stock performance@http://tradingsystemperformance.blogspot.in/ 

Nifty has taken support at last fibo fan support as discussed and continued with its pullback. As per classical technical analysis Nifty is unable to close above its previous support of 5477..

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