Nifty Bulls continue to Hold Gann Angle,EOD Analysis

Wednesday, June 7 Leave a Comment

  • FII's sold 1.4 K contract of Index Future worth 106 cores ,4.4 K Long contract were added by FII's and 5.9 K Short contracts were added by FII's. Net Open Interest increased  by 10.3 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 fall sharply to 5.4 How Jesse Livermore Described Trading emotions
As discussed in last analysis   Nifty saw small correction today and closed just near the gann angle also also near the lower end of range at 9640, bulls need to hold the gann angle for upmove to continue towards 9750/9790. Bearish below 9610 for a move towards 9530/9480. Low made today was again 9530 near the gann angle, and again we saw bulls coming back, and closing above 9663 forming long legged doji. Till Bulls close above gann

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