Thursday, June 23

Nifty doing time correction before next move,EOD Analysis

FII
  • FII's sold 7.7 K contract of Index Future worth 497 cores ,7.8 K Long contract were liquidated by FII's and .07  K short contracts were liquidated by FII's. Net Open Interest decreased  by 7.8 K  contract, so fall in market was used by FII's to exit  long and exit  shorts  in  Index futures.Do you have Trading Regrets
 As discussed in Yesterday Analysis   Closing above 8210 is a very bullish sign and holding the same we can move towards 8300/8336/8410 in next few days.Bearish only on close below 8070.  High made today was 8238 and low made was 8154, and finally we close near 8210, Due to Britain Exit vote volumes are very dull in market and even a small volume can move market,

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