Wednesday, October 21

Nifty struggle near gann arc,FII FnO Data Analysis

FII
  • FII's sold 12.4 K contract of Index Future worth 31 cores ,2.6 K Long contract were liquidated by FII's and 9.8 K  short contracts  were added by FII's. Net Open Interest increased  by 7.1 K contract, so today's fall in market was used by FII's to exit long and  enter fresh shorts in  Index futures Trading is a mental game
Nifty finally closed above the gann line of resistance 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

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