Nifty break the gann angle close above 9120,EOD Analysis

• FII's bought 12.7 K contract of Index Future worth 857 cores , 14.1 K Long contract were added  by FII's and 1.3 K long contracts were added by FII's. Net Open Interest increased  by 15.5 K contract, so rise in market was used by FII's to enter long and enter short in  Index futures. The Bitter Truth About Trading

As discussed in last analysis  Nifty continue to trade around the gann angles as shown below and also formed the lowest range of last 2.5 years, market is in wait and watch mode before the outcome of fed event. Bullish above 9130 for a move towards 9212/9300. Bearish below 8975 for a move towards 8900/8850. Nifty finally closed above 9130 and gann

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