Nifty bounces from gann angle,EOD analysis

Friday, March 24 Leave a Comment

  • FII's bought 2 K contract of Index Future worth 101 cores ,3.6 K Long contract were added by FII's and 1.5 K Short contracts were added by FII's. Net Open Interest increased  by 5.1 K contract, so rise in market was used by FII's to enter long and enter short in  Index futures. Successful traders have a lot to learn from sportsmen
As discussed in last analysis  Nifty gave the big move we were expecting as per time cycle but it happened in gap down most of the trades missed the move. Range of 9030-9036 proved to be strong resistance as Nifty closed at 9030 and was holding on to range of 9036 for most part of the day. Bulls should keep eye on 9040 close above it back to 9100-9130 range. Bearish below 9000 for a move till 8969-8920. Low made today was 9048 so yesterday Nifty held on to 9030


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