Thursday, November 19

Nifty continue to struggle between gann angles,EOD Analysis

FII
  • FII's bought 658 contract of Index Future worth 23 cores ,227 Long contract were squared off  by FII's and 935  short contracts  were squared off by FII's. Net Open Interest decreased  by 1.2 K contract, so today's rise  in market was used by FII's to exit both long and  shorts in  Index futures. The importance of failure in succeeding at trading
As discussed in last analysis  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 touch 135 degree angel and also gann arc, closing below this can see nifty moving towards 7630/7539. Holding the green arc another move towards 7820/7885. Nifty opened with gap up after holding the 135


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