Nifty shows trend reversal or dead cat bounce, FII FnO Data Analysis

• FII's sold 16 K contract of Index Future worth 227 cores,12.7 K Long contract were squared off by FII's and 3.3 K short contracts  were added by FII's. Net Open Interest increased  by 9.3 K contract.

Nifty after 7 days of decline showed a rise of 150 points, Nifty closed above the last swing low of 8470 and is now entering the difficult resistance zone of 8535-8555 where we have trendline resistance,pyrapoint

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