Friday, December 18

Bank Nifty near supply zone,EOD Analysis

FII
  • FII's sold 9.7 K contract of Index Future worth 525 cores ,13.3 K Long contract were liquidated by FII's and 3.6 K  short contracts were liquidated by FII's. Net Open Interest decreased  by 17 K  contract, so today's rise in market was used by FII's to exit long and  exit shorts in  Index futures. How to Handle Trading Loss ?
As discussed   Nifty forming  Bullish SHARK pattern its PRZ is near  7550, so price action near 7539/7550 needs to be watched to check the validity of this pattern, Nifty made low of 7551 and rallied almost 300 point from the low, and achieved 3 target of SHARK pattern and also stopped


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