Will Nifty bounce from Gunner Support,EOD Analysis

Monday, December 19 Leave a Comment

  • FII's bought 4.8 K contract of Index Future worth 326 cores ,1.2 K Long contract were added by FII's and 3.5 K short contracts were liquidated by FII's. Net Open Interest decreased  by 2.3 K contract, so fall in market was used by FII's to enter long and exit shorts  in  Index futures. Secret of Trading Success :Consistency
As discussed in last analysis  Monday we should see follow down move towards 8100/8050 till we are closing below 8150,  Below 8150 target 8100/8050/7972, Above 8250 target 8330/8370/8444. Nifty did 8100 below 8150 and made low of 8095, near gann arc support, if held another move towards 8150/8220.

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