Nifty Rallies and Bank Nifty falls from Chopad levels, FII FnO Analysis

• FIIs sold 3473 contracts of Index Future (Book profits in 47 Contracts of shorts and 3520  longs ) worth 101 cores with net Open Interest decreasing by 3567 contracts. So as per data analysis, FII's have started booking profit in Long in NF and BNF entered on last 2 days.  Trading Funda : Think Less & Keep It Simple

June IIP at -2.2% versus -1.6% in May which again shows contraction happening in Industrial production. Nifty opened gap up today, at 5606 than quickly came down to fill the gap, Nifty made low of 5557 which was Chopad level as disucced in Weekly analysis  and gave the much anticipated rally. Nifty has formed a ..

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