Nifty Bulls hold on to gann arc, EOD Analysis

Wednesday, October 12 Leave a Comment

  • FII's sold 2.3 K contract of Index Future worth 151 cores ,0.9 K Long contract were liquidated by FII's and 1.3 K short contracts were added by FII's. Net Open Interest increased  by 400 contract, so fall in market was used by FII's to exit long and enter shorts  in  Index futures. Is it possible for trader to make sustainable profits on small account ?
 As discussed last Analysis  Now next week has only 3 trading days so protecting 8656 bulls can make one more attempt towards 8756/8800. Bears will be active only close below 8656 for target of 8518/8476. Nifty made low of 8703 bear gann arc 

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