Saturday, October 24

Nifty near gann arc,FII FnO Data Analysis

FII
  • FII's bought 62.3 K contract of Index Future worth 1850 cores ,36.2 K Long contract were added by FII's and 26 K  short contracts  were liquidated by FII's. Net Open Interest increased  by 10.1 K contract, so today's rise in market was used by FII's to enter long and  exit shorts in  Index futures How to develop yourself as Profitable trader
Nifty took support at gann line  but struggling to cross the green arc as shown below and above that the horizontal line at 8313/8321 range which is also point where harmonic ABCD pattern will get invalidated , The current rally from the low of 7539 is the biggest rally in percentage term as Nifty is up almost 9%
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