Nifty Bounces from gann arc with Hammer Candle,EOD Analysis
- 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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