Nifty trading near gann support zone,EOD Analysis

Thursday, November 3 Leave a Comment

  • FII's sold 6.3 K contract of Index Future worth 416 cores ,5.6 K Long contract were liquidated by FII's and 0.6 K short contracts were added by FII's. Net Open Interest decreased  by 5 K contract, so fall in market was used by FII's to exit  long and enter shorts  in  Index futures.  Traders should -Specialize or Diversify
 As discussed last Analysis  now 8448-8444 level if and when it comes is very strong support zone, holding the same we can see a very sharp recovery, breaking the same we can correct till 8200. Low made today was 8484, we are going in the demand zone so its prudent to cut short

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