Nifty ready for range breakout,EOD Analysis

Tuesday, February 14 Leave a Comment

  • FII's bought 19.6 K contract of Index Future worth 1321 cores ,18.9 K Long contract were added by FII's and 0.7 K short contracts were liquidated by FII's. Net Open Interest increased  by 18.2 K contract, so fall in market was used by FII's to enter long and exit short in  Index futures. Trading Common Sense which is not so Common
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 8820 and low made was 8772 so we did not break 8840 on Upside and 8681 on downside suggesting choppy move to continue, Bulls should protect 8681 and til
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