Wednesday, November 18

Nifty again took support at gann arc, Will it hold ?

FII
  • FII's bought 2.8 K contract of Index Future worth 139 cores ,7.7 K Long contract were added by FII's and 4.9 K  short contracts  were added by FII's. Net Open Interest increased  by 12.7 K contract, so today's fall in market was used by FII's to enter long and add shorts in  Index futures. Are you a "News" Based Trader or Price action Based ?
As discussed in last analysis Pyrapoint suggests Nifty is stuck between 90 and 135 degree angle, break of same should see fast move, Break of 7885 can see move towards 7935/7980 and break below 7714 can see nifty breaking 7539. Nifty was unable to break yesterday high and 90 degree angle bears use this as opputunity to break on downside and nifty fall down to

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