Nifty takes support at gann angle,EOD Analysis

Sunday, April 30 Leave a Comment

  • FII's sold 9.7 K contract of Index Future worth 681 cores ,7.7 K  Long contract were added  by FII's and 2 K Short contracts were added by FII's. Net Open Interest decreased  by 5.6 K contract, so fall in market was used by FII's to exit long and enter short in  Index futures. Leadership Principles To Learn From An Eagle
As discussed in last analysis   Nifty continue to struggle around 9367 but held on to 9300 also forming an Inside bar pattern, fresh trades should be taken on move above 9367 for a move till 9424/9468. Bearish below 9274 for a move towards 9220/9180. High made was 9342 and low was 9284 so we did not break 9367/9274 for traders to take positions. As per time cycle 01 May is crucial as it being holiday we should see good move in coming week.

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