Thursday, May 12

Nifty closed at 9 days High, EOD Analysis

FII
  • FII's bought 7.5 K contract of Index Future worth 420 cores ,7.1 K Long contract were added by FII's and 0.03 K short contracts were liquidated by FII's. Net Open Interest increased  by 6.7 K contract, so rise in market was used by FII's to enter  long and  exit shorts in  Index futures. How to Identify Fear in Trading
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. Low made today was again 7849, highlighting the importance of 7850 and move up made high of 7916. So we are heading towards 7955/7972 range holding 7850, As I have

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