Will Nifty bulls protect 9390 zone for a bounce back ?

Thursday, May 18 Leave a Comment

  • FII's sold 2 K contract of Index Future worth 140 cores ,2.2 K Long contract were liquidated by FII's and 218 Short contracts were liquidated by FII's. Net Open Interest increased  by 2.5 K contract, so fall in market was used by FII's to exit long and exit short in  Index futures. Why Do Traders Lose Money Part -I?
As discussed in last analysis  Now bulls should hold the range of 9450-60 range for  a move towards 9590 which is major zone of resistance, Bearish below 9368 only. Nifty Bulls were unable to hold on to support of 9450, now heading towards major support

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