Nifty heading towards life high,EOD Analysis

Wednesday, April 12 Leave a Comment

  • FII's sold 1.5 K contract of Index Future worth 166 cores ,1.7 K Long contract were liquidated by FII's and 249  Short contracts were liquidated by FII's. Net Open Interest decreased  by 2 K contract, so rise in market was used by FII's to exit  long and exit short in  Index futures. Secret of Successful Traders :Be Imperfect
As discussed in last analysis  Bullish only on close above 9268. Low made was 9174 nifty has strong support in range of 9140-9150, holding the same we can bounce back till 9268 and below 9130 can see move towards 9070-9020. Low made was 9172 so bears were unable to push nifty towards the zone of 9150-9130 and bounced before that only, Bulls need a close above 9268 gann angle resistance for a next move towards 9368/9420.
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