Wednesday, March 16

Nifty Bounces from gann arc with Hammer Candle,EOD Analysis

FII
  • FII's sold 2.4 K contract of Index Future worth 114 cores ,10.9 K Long contract were added by FII's and 13.3 K short contracts were added by FII's. Net Open Interest increased  by 24.3 K contract, so fall in Nifty market was used by FII's to enter  long and  exit shorts in  Index futures. How "Not learning" from Trading Mistakes can be Disastrous
As discussed in Last Analysis Nifty finally has a correction of more than 100 points, its a slow and steady fall we are seeing from past 2 session, as Nifty was unable to move above the gann trendline as shown in below chart,  Bulls need close above 7554 for a move towards 7634. Bears below 7400 for move towards 7350/7228 else it will be sideways move in small range. Nifty made low


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