Wednesday, December 9

Nifty heading towards a new swing low,EOD Analysis

FII
  • FII's sold 1.5 K contract of Index Future worth 122 cores ,4.2 K Long contract were added by FII's and 5.8 K  short contracts were added by FII's. Net Open Interest increased  by 10 K contract, so today's fall  in market was used by FII's to enter long and  enter shorts in  Index futures. Are You a Trader or a Gambler?
As discussed in last analysis  Probability of Nifty hitting 7539 is increasing till nifty trade below 7767 zone . Nifty continued with its fall,corrected 376 points in 7 trading sessions, and now heading towards break of last swing low of 7539, How far can nifty fall, Nifty is forming

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