Nifty ready for trending move, EOD Analysis

• FII's bought 3.3 K contract of Index Future worth 211 cores ,6.1 K Long contract were added by FII's and 2.8 K short contracts were added by FII's. Net Open Interest increased  by 9 K contract, so fall in market was used by FII's to enter long and enter shorts  in  Index futures. Why Traders are unable to Follow Your Trading Plan

As discussed in last analysis  Holding 8130 target is 8200/8250. Big Bullish move only on close above 8250 for a move towards 8330/8370/8444. Bearish only on close below 8100 for a move towards 8050/7972. High made was 8190 near our target of 8200, Nifty closed just above 8100

Continue Reading