Wednesday, May 11

Nifty Bull and Bear Fights for 7850,EOD Analysis

FII
  • FII's sold 16.2 K contract of Index Future worth 962 cores ,12.4 K Long contract were liquidated by FII's and 3.8 K short contracts were added by FII's. Net Open Interest decreased  by 8.5 K contract, so fall in market was used by FII's to exit long and  enter  shorts in  Index futures. The Importance Of Trading Plan WHICH emotion is overpowering you the Most, To Understand the same I have put a Poll on Twitter (https://twitter.com/brahmesh), Please participate
As discussed in last analysis  Nifty till holding 7850-7834 range we can see the move towards 7972/8000. Bearish only on close below 7800. We has the news based market reaction today, due to change in taxation policy between India and Mauritius  b As I always Say Plan the Trade

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