Bulls and Bears both thank Raghuram Rajan,FII FnO Data Analysis

• FII's sold 8.8  K contract of Index Future worth 3 cores, 1.3 K Long contract were squared off by FII's and 7.5  K  short contracts  were added by FII's. Net Open Interest increased  by 6.1 K contract.

Nifty made a new All time High today @9119 after RBI cuts rates by 25 bps to 7.5% from 7.75%  .  If one observe RBI moves it becomes easier to trade , if 2006-07 when RBI was cutting rates market used to sell off after opening gap up and in 2007-2008 when RBI increased rates Maket used to go up after intital dip. Also as per Weekly Analysis gann date effect was seen in market. Today again the same story got repeated and we saw decline of 227


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