Nifty rallies 150 point from gann support zone,EOD Analysis

Sunday, November 27 Leave a Comment

  • FII's bought 10.7 K contract of Index Future worth 638 cores ,7.9 K Long contract were added by FII's and 2.7  K short contracts were liquidated by FII's. Net Open Interest increased  by 5.1 K contract, so rise in market was used by FII's to enter long and enter shorts  in  Index futures.
As discussed in last analysis  As seen in below chart nifty is near gunner support of both horizontal and vertical line indicated a trending move round the corner, Bulls will get active above 8010, for a move towards 8060/8130 and bears below 7890 in between choppy move continues. Gann Analysis again helped us in capturing the short term bottom at 7916 and
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