Nifty Reacts from Gunner arc, FII FnO Data Analysis

• FII's bought 20.8 K contract of Index Future worth 587 cores,21.5 K Long contract were added by FII's and 0.06 K short contracts  were added by FII's. Net Open Interest increased  by 22.2  K contract. Qualities which define a Successful Traders we discussed qualities of trader, implement these qualities in your trading.

This is what we discussed yesterday Nifty after 7 days of decline showed a rise of 150 points, Nifty closed above the last swing low of 8470 and is now entering the difficult resistance zone of 8535-8555 where we have trendline resistance,pyrapoint resistance and also 100 SMA. Price action in this zone will suggest the further course of action. Also as per gunner chart, we are heading towards important gann line support and green arc. Nifty formed high of 8550 and corrected almost 100 points from the highs. Gunner chart..

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