Wednesday, July 1

Nifty breaks above ichimoku cloud, FII FnO Data Analysis

FII
  • FII's bought 20.2  K contract of Index Future worth 397 cores ,23.1 K Long contract were added by FII's and 2.8 K  short contracts  were added  by FII's. Net Open Interest increased  by 25.9 K contract, so today's rise was used by FII's to enter longs in index futures Overcoming Emotions As A Day Trader
As discussed yesterday Nifty is entering the new quadrant as per gunner so there is high probability of 8423 breaking and heading towards 8470 which is near 1*2 gann line. Higher High Higher low formation are forming uptrend continues.  Strong support at 8300 zone below than 8250. Nifty made high of 8481


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