Nifty corrects 100 points breaking 8656, EOD Analysis

Thursday, October 13 Leave a Comment

  • FII's sold 36.3 K contract of Index Future worth 2329 cores ,35.9 K Long contract were liquidated by FII's and 0.4 K short contracts were added by FII's. Net Open Interest decreased  by 35.5 K contract, so fall in market was used by FII's to exit long and enter shorts  in  Index futures.   Ask Yourself following Questions Before Every Trading Day
 As discussed last Analysis  Bulls will get active above 8756 for a move towards 8800/8840. Bears will be active below 8656 for a move towards 8600/8555. In Between Choppy moves. As soon as 8656 was broken today, Bears were on prowl and nifty made low of 8541 correcting 110 points from 8656 gann level, as we have weekly closing tomorrow and nifty bulls will

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