Foreigners’ long-short ratio – a measure of the number of their bullish positions versus bearish – in index futures dropped to 58% on Friday from around 81% on September 27. A falling reading of this measure means investors are cutting their bullish bets and increasing their bearish ones.
Tech View: Nifty forms bullish Harami Cross pattern on daily chart. Here are cues for Tuesday’s trade
The Nifty index formed a bullish Harami Cross on the daily chart, signaling potential optimism. Closing above the 200-EMA, a breakout above 23,850 could drive