Nifty Bears rewarded by holding nifty below gann angle,EOD Analysis

• FII's sold 13.3 K contract of Index Future worth 802 cores ,5.6 K Long contract were liquidated by FII's and 7.7 K short contracts were added by FII's. Net Open Interest increased  by 2 K contract, so fall in market was used by FII's to exit  long and enter shorts  in  Index futures.  Muhurat Trading: Vows Traders should make to avoid loss in coming Year

 As discussed last Analysis  Now bulls will become active only above 8656 for a move till 8752/8800 High made today was 8669, near the gann trendline Bulls need close above 8656 and gann angle as shown in below chart for a move till 8700/8750,

Continue Reading