Tuesday, August 26

Nifty completes ABCD harmonic pattern, How to trade now

FII_1
  • FII's bought 4.7  K contract of Index Future worth 191 cores, 379 Long contract were added and 4.3 K short contracts  were squared off by FII's. Net Open Interest decreased  by 4 K contract , so FII are doing profit booking  in short Index Futures.
Nifty  did another life high today @ 7969 and saw a reversal after 2:30 PM, as seen in below hourly chart, expanding triangle pattern is forming in Nifty suggesting if 7785-7755 is not held...

Continue Reading

0 Comments:

Post a Comment

Note: Only a member of this blog may post a comment.

Subscribe to Post Comments [Atom]

<< Home