Saturday, January 24

Nifty rallies 905 points, is more left to rally ?

FII
  • FII's bought 57.4 K contract of Index Future worth 1371 cores, 61 K Long contract were added  by FII's and 3.6 K  short contracts  were added by FII's. Net Open Interest increased  by 64.7 K contract ,so FII's added long in majority and added  partial  shorts in index future.
Nifty made new life high today @ 8866 with another DOJI candlestick formation, as per my perceptive last rally we saw from 7723 to 8627 was 904 points long and took 33 days to complete, the current rally which started from 7961 till 8866 is now 905 points which is equal to last rally  and consumed 27 days  and also the maximum rally we have seen in 1041 points  so still there is room for upside.  Nifty is trading...

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