Nifty Trend Analysis as per Gann

Sunday, October 23 Leave a Comment

  • 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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