Nifty reaction as Rajya Sabha passes historic GST Constitution Bill
- FII's
sold 564 contract of Index Future worth 32 cores ,2.3 K Long
contract were added by FII's and 2.9 K short contracts were added by
FII's. Net Open Interest increased by 5.2 K contract, so fall in market
was used by FII's to enter long and enter shorts in Index futures. GST Impact on stocks
As discussed in Yesterday Analysis Bearish
only on close below 8577 and bullish on close above 8677 in between
yo-yo move, We have gann date tomorrow expect impulsive move as price is
also trading horizontal line from past 2 trading session.
Finally we closed below 8577 suggesting bears have the upperhand now, As
we have GST bill getting passed in parliament today, so chances of gap
up opening and if we open above 8577 its prudent to cut short and go
long. As a trader we need to be very flexible,
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