Wednesday, July 6

Nifty fails to close above 8372 and 8336,EOD Analysis

FII
  • FII's bought 2 K contract of Index Future worth 129 cores ,2.6K Long contract were added by FII's and 0.06 K short contracts were added by FII's. Net Open Interest increased  by 3.2 K  contract, so fall in market was used by FII's to enter long and enter shorts  in  Index futures. How Long Does It Take To Learn How To Trade?
 As discussed in Yesterday Analysis   Bulls need a close above 8336 and 8372 which is a very important gann number, Unable to close above 8372 we can see a fall towards 8210. High made today was 8381 but again closed below 8372 and 8336 suggesting the importance of 8372 and 8336. The range of 8336-8372 is very important both from gann perceptive and supply and demand concept. This

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