Nifty forms double bottom, relief rally on cards?

• FIIs bought  708 contracts of Index Future (Book profits in 2421 Contracts of shorts and 1713 fresh longs were sold) worth 37 cores with net Open Interest decreasing by 4134 contracts. So as per data analysis, FII are exiting longs and booking profits in shorts. Golden Rules for Traders trading based on Chart/ Chart Pattern

Nifty  opened gap up after Fed indicated no tapering in near future, but the sentiment were soiled by FT defaulting on payment of NSEL . Read more about Crash in FT.  Nifty continued

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