Nifty Trading Strategy for 20 Jan

• FIIs sold 3233 contracts of Index Future  worth 101 cores (17040 Longs were squared off and 13807 shorts were squared off) with net Open Interest decreasing by 30847 contracts, so FII's are square off mode in both longs and shorts.
  

Nifty again took support at 20 DMA as shown in below chart and bounces back again, Range contraction is visible in daily chart breakout..

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