Nifty Technical Analysis after India's Surgical Strike

Thursday, September 29 Leave a Comment

  • FII's bought 13.8 K contract of Index Future worth 875 cores ,154 K Long contract were liquidated by FII's and 56.8 K short contracts were liquidated by FII's. Net Open Interest decreased  by 211 K contract, so fall in market was used by FII's to exit long and exit shorts  in  Index futures. Forecasting and Trading
 As discussed last Analysis    Nifty made low of 8690 but closed above 8700, suggesting bulls can see a move till 8787/8806 holding 8700 which is also gann angle support as shown in below chart, bears will get active below 8656 for a move towards 8600/8520. Bulls continue to hold 8700 and gann angle line and pushed nifty towards 8767, but again fail to cross above 8750. Bulls need a close above 8750 for a move towards 8800/8888. 8656 was broken at

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