Nifty Analysis Before the Fed Policy Outcome

Wednesday, December 14 Leave a Comment

  • FII's sold 1.5 K contract of Index Future worth 79 cores ,0.4 K Long contract were liquidated by FII's and 1.1 K short contracts were added by FII's. Net Open Interest increased  by 0.6 K contract, so fall in market was used by FII's to exit long and enter shorts  in  Index futures. How To get rid of  Bad Trading Habits
As discussed in last analysis  Low made today was 8154 near the horizontal line as seen in below gann chart as soon as 8185 crossed nifty bounced back and made high of 8226 and mostly 8250 will be done tomorrow. Now again closed above 8250 will be bullish and extended target comes at 8330/8370. Low made today was 8165 again bears were unable to break 8154 and bulls were unable
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