FII data analysis before crucial RBI policy

• FIIs sold 8509 contracts of Index Future (bought 768 long contract and 9277 shorts were entered ) worth 255 cores with net Open Interest increasing by 10045 contracts.So FII's have slowly started entering shorts in Index Futures on more aggressive basis and one day before the crucial RBI event.

Nifty after forming a gravestone DOJI formation yesterday and breaking the channel on downside today again formed DOJI pattern and continue to trade below the channel. Bearish below 6100..

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