Friday, March 18

Nifty unable to close above gann trendline,EOD Analysis

FII
  • FII's bought 10.7 K contract of Index Future worth 591 cores ,7.1 K Long contract were added by FII's and 3.6 K short contracts were liquidated by FII's. Net Open Interest increased  by 3.4 K contract, so fall in Nifty market was used by FII's to enter  long and  exit shorts in  Index futures.How to fight with Trading Emotions
As discussed in Last Analysis  Bulls need close above 7554 for a move towards 7634. Bears below 7400 for move towards 7350/7228, Nifty opened with gap up made high of 7585 and again unable to close above both gann trendline and demand zone of 7554, but again was able to held on

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