Nifty bounces after completing Shark Pattern,EOD Analysis
- FII's
sold 5.6 K contract of Index Future worth 318 cores ,814 Long
contract were liquidated by FII's and 4.8 K short contracts were added
by FII's. Net Open Interest increased by 4 K contract, so rise in
market was used by FII's to exit long and enter shorts in Index
futures.Tips to improve trading
As discussed in Last Analysis
Nifty is approaching near the swing low of 7551, break of the same we
can head towards 7503 where SHARK pattern gets completed. Till we do not
see close above 7767 and gann trendline as shown below Bulls will on
back hand and bears will try to cover position in range of 7540/7503 if
and when it comes. Low made was
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