Nifty Bulls give weekly close above gann angle,EOD Analysis

Saturday, June 3 Leave a Comment

  • FII's sold 2.8 K contract of Index Future worth 210 cores ,1.6 K Long contract were liquidated by FII's and 1.1 K Short contracts were added by FII's. Net Open Interest decreased  by 541 contract, so rise in market was used by FII's to exit long and enter short in  Index futures. FII's Long to Short Ratio at 5.7 Because I was told I CAN
As discussed in last analysis  Till we are above 9610 we can move towards 9669/9700/9767. Bearish below 9570 for a move towards 9500. Prices cannot stay near gann angles for so long so brace for a trending move. Nifty closed above 9610 on Friday and we finally had a gap up opening which did the first target of 9669 now as long as bulls held on

Continue Reading

0 comments »

Leave your response!