Will Nifty break 7230 to invalidate harmonic patterns,EOD Analysis

• FII's bought 9.8 K contract of Index Future worth 607 cores ,4.9K Long contract were added by FII's and 4.8 K short contracts were liquidated by FII's. Net Open Interest increased  by 0.03 K contract, so fall in market was used by FII's to enter long and  exit shorts in  Index futures. Why Trading the most difficult profession ?
  

As discussed in Last Analysis   If we close below 7366 it mean high probability of nifty break 7230,if we make low in range of 7318-7292 and bounce back than we might be forming BAT pattern as discussed in weekly analysis which will have bullish implication going forward. Nifty closed below 7300 and made low of 7275 to full fill BAT pattern condition now if we do not break 8230 we might rally to form the final leg of BAT pattern, any close below 7230 invalidates the pattern. Also

Continue Reading