Nifty continue to trade in range 9367-9270

Sunday, May 7 Leave a Comment

  • FII's sold 14.5 K contract of Index Future worth 1088 cores ,10.9 K  Long contract were liquidated by FII's and 3.6  Short contracts were added by FII's. Net Open Interest decreased  by 7.1 K contract, so fall in market was used by FII's to exit long and enter short in  Index futures. Is It possible to Trade without emotion
As discussed in last analysis   So even though we held on the gann angle but still unable to break the range of 9274-9367. Trend trades still on sidelines range trades making merry. Breakout above 9367 for a move towards 9424/9462. Nifty made a fresh life high at 9377 which got immediately sold off towards the lower end of range at 9270, So we continue to trade in range of 9367-9270 near gann angle support suggesting both bulls and bears are
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