Nifty again sold off from gann angle,EOD Analysis

Sunday, November 13 Leave a Comment

  • FII's sold 17.2 K contract of Index Future worth 1020 cores ,15.5 K Long contract were liquidated by FII's and 1.6 K short contracts were added by FII's. Net Open Interest increased  by 13.8 K contract, so fall in market was used by FII's to exit long and emter shorts  in  Index futures.
As discussed in last analysis Today high is very important as its near the gann angles which nifty failed to cross in past 5 attempt as seen in below chart. Bulls need a close above 8600 for a move towards 8656/8737. Bears will get active below 8300 for a move towards 8231/8130. Nifty opened with gap down and continued with its fall and closed below our important gann number of 8300.

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