Monday, June 6

Nifty closes at Gann Trendline ahead of RBI Policy,EOD Analysis

FII
  • FII's bought 8.5 K contract of Index Future worth 516 cores ,5.7 K Long contract were added by FII's and 2.8 K short contracts were liquidated by FII's. Net Open Interest increased  by 2.8 K contract, so fall in market was used by FII's to enter long and exit shorts  in  Index futures.Mental Toughness Required by Traders Part-I
 As discussed in Yesterday Analysis  Trade for coming 2 days should be long above 8242 for target of 8336 and below 8210 correction till 8134. Nifty made high of 8235 and Low of 8184 and closed below 8210, So closed just on gann trendline as shown in below chart, Now as we have RBI policy tommrow and also gann turn date in next 2 days so we can see impulsive move.

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