Nifty Daily Analysis as we approach Monthly closing

Tuesday, May 30 Leave a Comment

  • 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
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