Nifty declines 4 days in row, Trading Strategy for 11 Feb

• FII's sold 34.1 K contract of Index Future worth 809 cores, 20.2 K Long contract were squared off by FII's and 13.8 K  short contracts  were added by FII's. Net Open Interest decreased  by 6.4 K contract.

Nifty continued with its decline correcting 442 points in 4 trading session  and in the process broke its budget day low @8750 and closed well below its 20 SMA. On Hourly charts trendline support @ 8701/8720 range as shown in below chart and below that 8645/8630 range. As per gann box till 2X1 line..

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