RBI turns out to be non event, Nifty trading strategy

• FIIs sold 546 contracts of Index Future  (22013 Longs were added and 22559 shorts were added ) with net Open Interest increasing by 44572 contracts, so FII's added both longs and short in equal number,so mostly we can have formed a panic bottom today.
  

 As discussed yesterday Unable to hold 6130 Nifty can see a swift fall to 6070 odd levels, RBI proved to be a trigger which saw a panic low formed at 6087 and than a..

Continue Reading