Nifty bounce from lower end of range to higher end
- FII's
sold 1.6 K contract of Index Future worth 117 cores ,1.1 K Long
contract were liquidated by FII's and 485 Short contracts were added by
FII's. Net Open Interest decreased by 656 contract, so rise in market
was used by FII's to exit long and enter short in Index futures. Lesson a TRADER can learn from ANT
As discussed in last analysis Nifty
made high of 9450 almost doing our target of 9459, now we should see
some consolidation in market in range of 9368-9460 for the next round of
up move towards 9559. Bearish below 9310 only. Low made was 9372 and
High made was 9437 so nifty continue to trade in range of 9368-9460,
Now bulls needs to break 9460 for next round of upmove towards
9529/9600. and bears need to break 9368 for a fall towards 9310/9256. High made today was 9449 and low made was 9423 so nifty continued to trade in
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