Saturday, April 18

Nifty breaks its 20 DMA,FII FnO Data Analysis

FII
  • FII's bought 23.3 K contract of Index Future worth 408 cores,23.1 K Long contract were added by  FII's and 216 short contracts  were squared off  by FII's. Net Open Interest increased  by 22.9 K contract.Holy Grail for Successful trading
  •  Nifty continued forming lower low but closed below  its20/ 50 SMA, Nifty is now near a very crucial level as per daily gunner as last time also nifty took support in red arc. If broken we can see a downfall till 200 DMA. Holding the same we can see a sharp and swift rally towards 8854/8900. Also as per pyrapoint analysis support @180 degree@8525.
Nifty Gunner

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