Sunday, January 3

Nifty heading towards gann line,EOD Analysis

FII
  • FII's sold 1.3 K contract of Index Future worth 74  cores ,2.1 K Long contract were added by FII's and 3.4 K  short contracts were added by FII's. Net Open Interest increased  by 5.6 K contract, so Friday  rise in market was used by FII's to enter long and  enter shorts in  Index futures.New Year Resolutions for Trading Success
As discussed in Last Analysis on 23 Dec Nifty finally closed above 7860 zone , we need to see follow up move for a target of 7950/7979 which should come tomorrow.Time Analysis indicates big move is round the corner. Nifty did not close below 7860 and made high of 7973 on 1 Jan. Now going forward gann line comes


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