Tuesday, July 16

Nifty recovers from 5900 after RBI shocker, Will it rally further?

FII
  • FIIs sold  9277 Index Future worth 264 cores with net Open Interest decreasing by 5265 contracts.FII booked profit in Longs of Nifty and Bank Nifty futures, No shorts were taken.Notable Quotes from Market Wizards
Nifty Opened Gap down of 100 points after RBI decision in hiking interest rates to save rupee. Nifty downfall gave us an opportunity to enter longs as per our Price Action Strategy.

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