Nifty bounces from gann support,EOD Analysis

Thursday, May 4 Leave a Comment

  • FII's sold  6.9 K contract of Index Future worth 439 cores ,1.9 K  Long contract were added by FII's and 4.9 Short contracts were added by FII's. Net Open Interest increased  by 2.9 K contract, so rise in market was used by FII's to enter long and enter short in  Index futures. Trading Sins
As discussed in last analysis   So nifty continue to trade in range of 9367-9274, and in the process took support near gann angles from last 3 trading days, Best strategy to trade this market buy low and sell high till we see range breakout/breakdown. Trend traders should wait for range expansion above 9367 or below 9274 for taking fresh trades. High made today was
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