Nifty forecast for 3 April

• FIIs bought 4802 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 138 cores with net Open Interest increasing by 9150 contracts. FII after long time went long in Index Futures as net OI rose with price. How to Trade New Trading Account

Nifty continued with pullback which started after Nifty touched its 200 DMA on March 28. NS closed at 5748 after  making high of 5754 and low of 5687. Nifty as soon it crossed 5722 short covering and fresh buying pushed the Index Higher. As per  Weekly Analysis we discussed trend deciding level as 5703, and Nifty finally gave us the profit and covering the loss ..

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