Nifty holds on to 9030-9035 range,EOD Analysis

Wednesday, March 22 Leave a Comment

  • FII's bought 14.2 K contract of Index Future worth 1053 cores ,8.5 K Long contract were added by FII's and 3.2 K Short contracts were added by FII's. Net Open Interest increased  by 14.2 K contract, so fall in market was used by FII's to enter long and enter short in  Index futures. Trade Outside Your Comfort Zone
As discussed in last analysis   Nifty has taken support near gann arc and also near the gann angles and closed near 9130 levels,suggesting if 9100 level is held we can see upmove towards 9200/9250. Bearish below 9100 for a move towards 9040/9000. As per time analysis next 2 days we can see trending day. Low made today was 9087 and we recovered and close above 9100 and near gann angle. Break of 9087 we can see down move till 9034. 9034-9030 is important support zone, Bearish below 9000 only. Bullish above 9150 for a move towards 9212/9268. Nifty gave the big move we were expecting as per time cycle but it happened
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