FIIs cut bullish bets on Bank Nifty, Nifty. What does it signal?

The open interest of the active Bank Nifty futures declined by 1.98 lakh shares to 13.37 lakh shares as the index closed down half a percent at 35,336 from the previous session. Taken with the negative closing, this indicates liquidation of bullish bets.

from Stocks-Markets-Economic Times https://ift.tt/3eHHiuZ