Nifty Bulls fail to close above gann angle,EOD Analysis

Wednesday, June 21 Leave a Comment

  • FII's sold 1.6 K contract of Index Future worth 90 cores ,2.9 K Long contract were added by FII's and 4.6 K Short contracts were added by FII's. Net Open Interest increased  by 7.5 K contract, so fall in market was used by FII's to enter long and enter short in  Index futures. FII's Long to Short Ratio decreased to 2.9.  What Stock Trader can Learn from Doctor
  • As discussed in last analysis   Bulls need close above gann angle for a fast move towards 9720 and close above 9720 will be very bullish in short term, Bearish below 9610 for a move towards 9566/9520. Low made today was 9608 so even though bulls were not able to break the gann angle but they held on to support of 9610 in today's fall

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