Monday, April 27

Nifty breaks 200 DMA, FII FnO Data Analysis

FII
  • FII's sold 19.1 K contract of Index Future worth 420 cores,12.1 K Long contract were squared off   by  FII's and 7 K  short contracts  were added by FII's. Net Open Interest decreased  by 12.6 K contract.Motivational Video for Traders :Bamboo Lesson
 Nifty again formed a lower low @8202  and broke its last swing low of 8269 and 200 DMA. Biggest Problem with our market is World Markets are trading at life highs but Indian market are trading at 1 Month low suggesting their is some intrinsic problem with Indian market showing so much under performance. Finally  Murry Math Line also broke on downside as Nifty corrected 652..

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