Nifty Trend Analysis as per Gann
- FII's bought 0.8 K contract of Index Future worth 23 cores ,0.6 K
Long contract were added by FII's and 0.2 K short contracts were
liquidated by FII's. Net Open Interest increased by 0.3 K contract, so
fall in market was used by FII's to enter long and exit shorts in
Index futures. Want to be a Good trader Move out of your comfort zone
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 8709 so
bulls were unable to breach the gann resistance zone of 8732, as weekly
closing tomorrow bulls would like to close above 8732 and bears below
8656. High made today was 8710 and low made was 8652
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