Tuesday, March 22

Nifty near channel resistance,EOD Analysis

FII
  • FII's bought 2.8 K contract of Index Future worth 200 cores ,4.9 K Long contract were added by FII's and 2.1 K short contracts were added by FII's. Net Open Interest increased  by 7 K contract, so rise in Nifty market was used by FII's to enter long and  enter shorts in  Index futures.Are You Emotional Trader ?
As discussed in Last Analysis    So we have a close above 7634 suggesting market heading towards 7800/7859 odd levels till we close above 7634. Support are now at 7550-7500. Nifty again made low of 7643 which is near the zone of 7634 and made high of 7728, Now we have Weekly closing tomorrow and we are also near the channel resistance and gann horizontal line as shown in

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