Nifty bounces holding gann support,EOD Analysis

Thursday, March 2 Leave a Comment

  • FII's bought 12.2 K contract of Index Future worth 874 cores , 3.7 K Long contract were added by FII's and 8.5 K short contracts were added by FII's. Net Open Interest decreased  by 4.7 K contract, so fall in market was used by FII's to enter long and exit short in  Index futures. Learn from Your Trading Mistakes
As discussed in last analysis  Bulls need a fresh close above 8989 for a move towards 9083 which should be very fast. Bearish only on break of 8850.As per our time cycle we got the trending move. High made today was 8992 nifty was unable to sustain above 8989 which is gann angle resistance and gave the fall back to lower end of gann angle as shown in below chart,
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