Tuesday, August 4

Nifty gets support at gann angle, FII FnO Data Analysis

FII
  • FII's sold 18.1 K contract of Index Future worth 231 cores ,4.3 K Long contract were squared off by FII's and 13.8 K  short contracts  were added by FII's. Net Open Interest increased  by 9.5  K contract, so today's market was used by FII's to exit longs in index futures and enter shorts. Trading Behaviors That Destroy Traders
Nifty continue to form higher high but failed to form higher low formation and formed double bottom near 8450, still unable to cross  crucial supply area as discussed in Weekly analysis. Nifty is

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