Saturday, November 14

Nifty takes support near gann arc,FII FnO Data Analysis

FII
  • FII's sold 21.9 K contract of Index Future worth 1249 cores ,10.3 K Long contract were liquidated by FII's and 11.9 K  short contracts  were added by FII's. Net Open Interest increased  by 1.6 K contract, so today's fall  in market was used by FII's to exit long and add shorts in  Index futures  Do you want to be a trader ?
As discussed in  Last analysis , Nifty has formed double bottom, which got invalidated on Friday as the nify broke 7772 and continue with its correction, Nifty has corrected 606 points in 14 trading session.Such big falls are also accustomed by fast and furious
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