Nifty corrects for 3 Day, FII FnO Analysis

• FIIs sold 14186 Contracts of Index Future ,worth 420 cores with net Open Interest decreasing by 8188 contracts, FII kept booking profit in Longs they rollovered. Professional Trader Trading Rules

As discussed in Weekly Analysis, Nifty is approaching near the crucial support of Trend line crossover and moving averages support. Updated chart is shown below. Nifty has closed below 38.2% Fibo support signalling further downside is on cards.Shorts can do partial profit booking in this range.

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