Nifty does 9245 holding gann angle,EOD Analysis

Tuesday, April 4 Leave a Comment

  • FII's sold 1230 contract of Index Future worth 99 cores ,2 K Long contract were liquidated by FII's and 798 Short contracts were liquidated by FII's. Net Open Interest decreased  by 2.8 K contract, so rise in market was used by FII's to exit long and exit short in  Index futures. Is THIS Holding You Back?
As discussed in last analysis    As per time analysis we have made a low till 9020 is not broken and we can see upmove towards 9175/9216/9268 once we close above 9130 Bearish below 9077 for a move back to 9020/8992 We have seen close above 9130 today above gann angles, suggesting we can see range expansion and we are heading towards 9175/9216/9268. Bearish below 9070 for a move till 9020. Nifty continued to trade above 9130 and have given the highest weekly monthly and quarterly closing.  Now bulls should protect 9130 for a move towards 9216/9268/9350. Bearish below 9100 for a move towards 9030/8969. High made today was 9245 so we did 9216 and also moved towards our next target of 9268. Todays high is near gann angle and we need to close above it for a move towards 9312/9368

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