Wednesday, August 3

Nifty reaction as Rajya Sabha passes historic GST Constitution Bill

FII
  • 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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