Nifty and Bank Nifty trading strategy for RBI Policy

• FIIs bought 1071 Index Future worth 23 cores with net Open Interest decreasing by 4199 contracts.FII's went for short covering in Nifty Futures and in Bank Nifty futures. FII's are going neutral for RBI event. Secret for Successful trading

Nifty closed below its 200 DMA, before the crucial RBI Policy. Nifty opened with a gap down of 30 points , trading was dull throughout the trading sessions but the effect of Three Black crow bearish candlestick pattern was seen today. As discussed in Weekly analysis Nifty Spot till it trades below 5900..

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