Nifty Trading Strategy for 07 May

• FII's sold 92.2 K contract of Index Future worth 1924 cores,62 K Long contract were squared off  by  FII's and 30 K  short contracts  were added by FII's. Net Open Interest decreased  by 31.8 K contract so today's fall was used by FII's to square off longs in Index Future and add fresh shorts.Sensex Crashes 700 Points:Reason for sharp fall

 This is what we discussed today  Nifty after yesterday rise did not show a follow up move, consolidated in range and formed a long legged DOJI, Gunner shows we are entering a new quadrant tomorrow  so impulsive move can be expected in next 2 trading session. Pyrapoint analysis also shown in below chart suggests as we are entering new quadrant so expect impulsive move.   Today we

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