Nifty rallies after touching gann angle,EOD Analysis

Saturday, June 10 Leave a Comment

  • FII's sold 14.1 K contract of Index Future worth 1030 cores ,513 Long contract were liquidated by FII's and 13.6 K Short contracts were added by FII's. Net Open Interest increased  by 13.1 K 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 decreased to 4.2 Common Trading Mistakes
  • 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.  As per Geometric Time Cycle big move can be seen in market in next 2 days.Low made today was again 9608 near the gann angle, as shown in below chart and we saw a good bounce back

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