Tuesday, May 19

Nifty achieves triangle breakout target, How to trade next move ?

FII
  • 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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