Nifty Trading Strategy as per FII Data Analysis

• FIIs sold 36045 contracts of Index Future (Entered fresh shorts in 31007 contracts and booked profit in  5038 Longs) worth 963 cores with net Open Interest increasing by 25969 contracts. So as per data analysis, FII's are still entering in fresh shorts  in NF and BNF,The rally we saw today was backed by short covering and fresh shorts were entered at higher levels. So from past 3 days nifty is rallying and FII's are entering shorts so probably we can see one more downside near expiry.Do remember FII's are always hedged so blindly do not short the market thinking FII's are shorting, Be with your trading system.

Nifty continue with its relief rally, but with range contraction..

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