Nifty corrects from gann resistance zone,EOD Analysis

Saturday, January 14 Leave a Comment

  • FII's bought 1.7 K contract of Index Future worth 90 cores ,2.9 K Long contract were added by FII's and 1.2 K short contracts were added by FII's. Net Open Interest increased  by 4.2 K contract, so fall in market was used by FII's to enter long and enter shorts  in  Index futures. Do not Strike when Angry
As discussed in last analysis    As we have weekly closing tomorrow so bulls will be happy to close above the gann resistance zone as shown in below chart,bears will be happy to close below 8380. Close above 8440 can see next round of upmove towards 8555/8598. Bears below 8370 can move back towards 8270-8250 range. Nifty opened gap up made high of 8460 ,Low of 8370 and closed at 8400 so unable to close above 8435 levels and below 8370 levels. As seen in below chart took exact

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