Nifty again sold off from gann angle,EOD Analysis
- 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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