Nifty breaks 8656 and does 8600, Oct Expiry Analysis

Wednesday, October 26 Leave a Comment

  • FII's sold 4.7 K contract of Index Future worth 232 cores ,3.8 K Long contract were added by FII's and 8.6 K short contracts were added by FII's. Net Open Interest increased  by 12.5 K contract, so fall in market was used by FII's to enter long and enter shorts  in  Index futures.  Why Do Traders Lose? Part-I
 As discussed last Analysis 8710-8732 is crucial range for bulls as its gann resistance  and 8601-8610 is support on downside below which bears will start   warming up again. Between the range choppy move continue. High made today was 8722 so bulls were unable to breach the gann resistance zone, Its been 4 trading days in which bulls were not able to break the resistance zone, Low made was 8663 so bears were unable to break 8656. Now bears

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