Nifty forms DOJI,FII FnO Data Analysis

• FII's bought 64.9 K contract of Index Future worth 1394 cores ,44.6 K Long contract were added off by FII's and 20.2  K  short contracts  were squared off by FII's. Net Open Interest increased  by 24.3 K contract, so todays rise was used by FII's to exit  shorts in index futures and add longs.  Golden Rules For Traders

Nifty continued with its higher high and higher low formation rising 458 points from the low of 7940. Nifty finally formed DOJI at the upper end of AF as shown in below chart.So if 8393 not crossed which is 50% Fibo retracement levels we can see some pullback of

Continue Reading