Nifty forms double top, FII Data Analysis

• FII's bought 6.7 K contract of Index Future worth 106 cores, 1.3 K Long contract were squared off by FII's and 8.1 K short contracts  were squared off  by FII's. Net Open Interest decreased  by 9.5 K contract , so FII booked profit in shorts in today's fall.

Nifty formed a double top @8455 and Evening star candlestick pattern and also broke its hourly channel  with break of 21/34 HSMA, so today we saw first time bears overpowering bulls, but still we are

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