Nifty forms triangle, ready for big move, FII Data Analysis

• FII's sold 78 K contract of Index Future worth 1662 cores,19.7 K Long contract were squared off by  FII's and 58.3 K  short contracts  were added  by FII's. Net Open Interest increased  by 38.6 K contract so today's rise was used by FII's to add   shorts   in Index Future. When to avoid trading

Nifty from past 5 session has become very very volatile, In first 5 mins market was down 100 points recovered sharply and again closed near the highest point of day forming hammer pattern. Nifty formed inside day pattern on daily chart and also is forming triangle pattern in hourly pattern as shown in below chart,

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