Nifty bounces after 700 point fall, FII FnO Data Analysis

• FII's sold 13.8 K contract of Index Future worth 197 cores,34.3 K Long contract were added by  FII's and 43.3 K  short contracts  were added by FII's. Net Open Interest increased  by 77.7 K contract.Losing in Trading? Stick to a Trading Plan & Study Your Mistakes

 Nifty after 700 point decline, highest in the current bull market saw a counter trend move today,Nifty opened gap up and closed near day high which look more of short covering as net OI in NF was down, also cash buying by FII's is just 60 cores. As per Gunner pattern bounce occurred near the green arc and close above

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