Nifty near 200 DMA,FII F&O Analysis for 26 March

•  FIIs bought 7087 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 198 cores with net Open Interest increasing by 117852 contracts.Take the Test  Winners and Losers in trading .As Expiry is just 2 days away Wednesday being an Holiday, FII have rollovered their positions to next series, thats the reason we are seeing big Jump in net OI.

NS closed at 5634 after  making high of 5718 and low of 5624, Nifty opened gaped Up after Cyprus clinch Bailout deal , Unable to sustain the High started consolidating in small range and ultimately came down to fill the gap,closed in red after SP news Hit the market. As per  Weekly Analysis we discussed trend deciding level as 5620, traders asked me in morning shall we take longs and my answer was emphatic NO , reason being we should always trade on levels, If we miss levels due to gap up do not jump into running bus, Have patience and wait for market to give you opportunity to enter. I know its difficult to control the urge not to take trade but you should ...

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