Wednesday, May 4

Nifty unable to close above gann number 7850,EOD Analysis

FII
  • FII's sold 16.2 K contract of Index Future worth 984 cores ,14.2 K Long contract were liquidated by FII's and 1.9 K short contracts were added by FII's. Net Open Interest decreased  by 12.2 K contract, so fall in market was used by FII's to exit long and  enter  shorts in  Index futures. How Priming can improve trading performance
As discussed in last analysis   If we close above 7850 on weekly basis can see move back to 7950-7972 range and weekly close below 7850 can see move towards 7750-7700.  Nifty made low of 7735


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