Nifty ready for trending move ,EOD Analysis

Monday, March 20 Leave a Comment

  • FII's bought 11.2 K contract of Index Future worth 776 cores , 5.4 K Long contract were added by FII's and 5.8 K Short contracts were liquidated by FII's. Net Open Interest decreased  by 326 contract, so fall in market was used by FII's to enter long and exit short in  Index futures. The Black Belt Story
As discussed in last analysis  Now BUlls need to protect 9077 -9050 range for this upmove to continue towards 9300/9368. Bearish below 9000 only in between range trade continues. 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.

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