Tuesday, January 12

Nifty bounces after completing Shark Pattern,EOD Analysis

FII
  • 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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