Nifty Bulls still unable to break 8840/gann arc,EOD Analysis

Monday, February 13 Leave a Comment

  • FII's bought 11.4 K contract of Index Future worth 754 cores ,12.7 K Long contract were added by FII's and 1.2 K short contracts were liquidated by FII's. Net Open Interest increased  by 1.7 K contract, so rise in market was used by FII's to enter long and exit short in  Index futures. 3 Keys to Money Management
As discussed in last analysis   we are still holding 8681 suggesting bulls are still having upper hand eventhough we are not able to cross the gann arc, as shown in below chart. Bearish only on close below 8681 and bullish above 8840 in between choppy move continue.  High made today was 8827 and low made was 8754 so we did not break 8840 on Upside and 8681 on downside suggesting choppy move to continue, Bulls should protect 8681 and till its protected move towards 8969 and above is quiet possible. Once the Gann arc as
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