Nifty Bounce 300 Points from gann support zone, EOD Analysis

Sunday, January 1 Leave a Comment

  • FII's bought 11.9 K contract of Index Future worth 752 cores ,11.2 K Long contract were added by FII's and 689 short contracts were liquidated by FII's. Net Open Interest increased  by 10.5 K contract, so rise in market was used by FII's to enter long and exit shorts  in  Index futures. Traders New Year's Resolutions for 2017
As discussed in last analysis  Range of 7880-7900 is again the important zone, break of the range on downside move towards 7800/7700. Holding the same move towards 8130/8250. Low made was 7894 so Bulls protected our gann range of 7880-7900 and were rewarded handsomely as high made was 8197 a move of 304 points in matter of 4 trading session.Thats the beauty of gann keep you 1 step

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