Nifty forms morning star pattern,FII FnO Data Analysis

• FII's bought 7  K contract of Index Future worth 195 cores,5.8 K Long contract were squared off  by  FII's and 12.8 K  short contracts  were squared off by FII's. Net Open Interest decreased  by 18.7 K contract so today's rise was used by FII's to square off both longs and shorts in Index Future .Trading using the McClellan Oscillator

This is what we discussed yesterday Nifty has meet its ABC pattern target of 7994 made low of 7997 and saw a bounce back in last 30 mins of trading. Nifty also held on to its Median line of AF as shown in below chart. Also last 3 correction were marked by DOJI

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