Nifty does 9130 Holding 9030,EOD Analysis

Saturday, March 25 Leave a Comment

  • FII's sold 3.9 K contract of Index Future worth 316 cores ,4.3 K Long contract were liquidated by FII's and 345 Short contracts were liquidated by FII's. Net Open Interest decreased  by 4.6 K contract, so rise in market was used by FII's to exit long and exit short in  Index futures. Successful traders have a lot to learn from sportsmen
As discussed in last analysis  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 and bounced back from 1 gann angle to another one. Now Nifty trading above 9100 will be very bullish and we can see move towards 9174/9220. Bearish only below 9000. Nifty did high of 9133 so we did the target of 9130 as shown in below chart. Now bulls need close above 9130 for a move towards 9174/9216. Bearish below 9070 for a move towards 9020/8968.  Will Bank Nifty give Weekly close above 21000,EOD Analysis

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