Tuesday, March 24

Nifty forms gravestone doji,FII FnO Data Analysis

FII
  • FII's bought 27.5 K contract of Index Future worth 420 cores,43.9 K Long contract were added  by FII's and 16.4 K short contracts  were added  by FII's. Net Open Interest increased  by 60.4 K contract.
As discussed in Weekly Analysis Gann date showed its effect today with market being extremely volatile and closed forming a gravestone doji formation.  As per Pyrapoint Analysis Nifty Opened nifty is entering the support zone of 180 degree and rallied but closed below the blue line. Today low will become extremely crucial till expiry. Holding the same Nifty can see rally till 8700/8750 by expiry, as shown in Gunner chart.  Gann Box


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