Fitch upgrades India Outlook,How to trade Nifty ?

• FIIs sold  16847 Index Future worth 484 cores with net Open Interest increasing by 42773 contracts,FII have initiated  fresh shorts in index futures with nifty trading below  200 DMA, 2 day in row and rupee recovering from its all time low.

Nifty has closed below its 200 DMA and was unable to cross also during Intraday,putting long term trend under threat. 5921 is Weekly Trend Deciding level and 3 weekly targets got achieved today. IIP Data and CPI inflation ..


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