Nifty complete ABC pattern, How to trade next move
- FII's
sold 40.9 K contract of Index Future worth 946 cores,41.7 K Long
contract were squared off by FII's and 853 short contracts were
squared off by FII's. Net Open Interest decreased by 23.7K contract so
today's fall was used by FII's to square off longs in Index Future .Sensex Crashes 700 Points:Reason for sharp fall
Nifty
has meet its ABC pattern target of 7994 made low of 7997 and saw a
bounce back in last 30 mins of trading. Nifty also held on to its Median
line of AF as shown in below chart. Also last 3 correction were marked
by DOJI pattern which was formed today. Tomorrow if market opens gap up
will signal formation
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