Nifty corrects 548 points from 1 Jan,FII Data Analysis

• FII's bought 3.3 K contract of Index Future worth 158 cores ,7 K Long contract were added by FII's and 3.6 K short contracts were added by FII's. Net Open Interest increased  by 10.6 K contract, so fall in market was used by FII's to enter long and  enter  shorts in  Index futures.How making a trading plan improves your trading
  

Nifty Shark pattern finally got invalidated as Nifty closed below 7503.  Close below 7503 increases probability of Nifty going towards 7400/7118.Bullish only on close above 7610.As per below chart nifty is trading near gann arc so price action in range of 7380-7400 is very important,

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