Thursday, January 21

Will Nifty close above 7336 supply zone,EOD Analysis

FII
  • FII's bought 6.3K contract of Index Future worth 329 cores ,6.9 K Long contract were added by FII's and 575 short contracts were added by FII's. Net Open Interest increased  by 7.5 K contract, so fall in market was used by FII's to enter long and  enter  shorts in  Index futures. Do you have what it takes to be a trader?
Nifty again bounced from 7250 level near the ABCD pattern completion as it touched 138.2% retracement as we have been discussing in last analysis and bounced back almost 80 points from the low. Harmonic Pattern (We recently started Harmonic Course for traders wanting to learn more about it) gives you precise entry with minimum risk, 1 Target of rise comes at 7414 Nifty today made high of 7401 doing the 1 target


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