Nifty forms hanging man Patten, FII Data Analysis

• FII's sold 2.1 K contract of Index Future worth 133 cores ,2.6 K Long contract were added  by FII's and 4.7 K  short contracts  were added  by FII's. Net Open Interest increased  by 7.3 K contract, so today's consolidation and dip in morning session was used by FII's to enter  longs in index futures and rise in evening session was used to create shorts Are You Comfortable with your trading ?

As discussed in previous analysis  Nifty in morning made high at exact pyrapoint resistance and was trading in small range through out the day. Trend is up as per daily bar technique and till we do not see lower lows do not short the market. Pyrapoint Analysis indicates big move round the corner. Nifty today again

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