Nifty form hanging man, FII FnO Data Analysis

• FII's sold 2.8 K contract of Index Future worth 88 cores,7.4 K Long contract were added by FII's and 10.3 K short contracts  were added by FII's. Net Open Interest increased  by 17.8  K contract. Developing a Successful Trading Strategy

 Nifty continued with its rally after intraday dip 107 points and recovering in last hour of trade forming hanging man candlestick pattern.As per gunner Nifty took support at Green arc and is  now head to the gann line as shown by red line. So level of 8720 will act as important level going forward. As discussed yesterday Pyrapoint Analysis also suggests 135 degree line @8673/8693 range will be trend deciding level for RBI day.  High made today was 8693

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