Tuesday, May 19

Nifty shows range expansion,FII FnO Data Analysis

FII
  • FII's bought 5.6 K contract of Index Future worth 228 cores,1.2 K Long contract were squared off by  FII's and 6.9  K  short contracts  were squared off by FII's. Net Open Interest decreased  by 8.2 K contract so today's rise was used by FII's to squared off both longs and   shorts  in Index Future. Are you a Loss making trader ?
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 obliged by showing an


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