Nifty Daily Analysis as we approach Monthly closing
- FII's bought 693 contract of Index Future worth 36 cores ,2.9 K
Long contract were added by FII's and 2.3 K Short contracts were added
by FII's. Net Open Interest increased by 5.3 K contract, so rise in
market was used by FII's to enter long and enter short in Index
futures. FII's Long to Short Ratio at 5.4 How I Deal with Trading Losses
As discussed in last analysis Bulls need close above 9610 for the next upmove. Bears need close below 9500 in between pingpong move will continue.
Finally we have close above 9610 but still unable to close firmly above
the gann angle as shown in below chart. As we have monthly close
tomorrow bulls have upper hand, above 9637 we can
Continue Reading
0 Comments:
Post a Comment
Note: Only a member of this blog may post a comment.
Subscribe to Post Comments [Atom]
<< Home