Nifty achieves triangle breakout target, How to trade next move ?
- FII's
bought 26.9 K contract of Index Future worth 647 cores,20.9 K Long
contract were added by FII's and 5.9 K short contracts were squared
off by FII's. Net Open Interest decreased by 26.9 K contract so today's
intraday fall was used by FII's to squared off shorts and add longs
in Index Future. Why 90% Traders fail in Trading ?
As discussed in last analysis Triangle
pattern in hourly pattern as shown in below chart, has broken on
upside, we need to see follow up move on Monday. Gunner is also entering
new quadrant and pyrapoint analysis suggests Nifty is ready for an
explosive move. Nifty meet the triangle target today of 8427...
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