Tuesday, June 2

Nifty cracks 200 points post RBI event,FII FnO Data Analysis

FII
  • FII's sold 100 K contract of Index Future worth 2163 cores ,48.5 K Long contract were squared off by FII's and 51.5 K  short contracts  were added by FII's. Net Open Interest increased  by 2.5 K contract.  As a trader, here's what You Should DO
This is what we discussed in last analysis As per gann time analysis 2 and 3 June one explosive move will be seen so plan your trades accordingly. If today high gets broken Nifty can rally towards 8525/8560/8620 odd levels.Break of 8373 can see is moving towards 8320/8250 odd levels.The entire down move of Nifty from 8845 to 7997 took around 15 days. It has been now 17 days already and prices have not even retraced 61.8%..
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