Nifty bounces from gann support,EOD Analysis
- 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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