Nifty Futures Outlook

• FIIs sold 7800 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 218 cores with net Open Interest increasing by 23002 contracts. FII have started profit booking in shorts, but still no sign of fresh longs. Greatest trades of all time

Nifty after 5 days of decline, recovered today forming a Pin Bar candlestick formation which is a strong reversal candlestick. Nifty bounced back strongly from our weekly support level of 5474 as discussed in weekly analysis and closed above our Trend Deciding Level of 5525. Positive divergence have started showing effect, but no change is trend till..

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