Nifty near gann resistance zone,EOD Analysis

Saturday, January 28 Leave a Comment

  • FII's bought 8.8 K contract of Index Future worth 586 cores ,17.7 K Long contract were added by FII's and 8.8 K short contracts were added by FII's. Net Open Interest increased  by 26.5 K contract, so rise in market was used by FII's to enter long and enter  shorts  in  Index futures. King Raghu's story
As discussed in last analysis  Gann Price and time Analysis helped traders to capture the move above 8432 till 8600 now bulls will head towards 8710 levles where there is resistance as shown in below chart, Bearish only on close below 8432 till 8432 is held we can move all the way towards 8969 over next 2 months. 8675-8700 is crucial resistance band as per gann angles
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