Will Nifty Bulls able to break Gann Angle ?

Tuesday, June 20 Leave a Comment

  • FII's bought 4.3 K contract of Index Future worth 320 cores ,3.2 K Long contract were added by FII's and 1 K Short contracts were liquidated by FII's. Net Open Interest increased  by 2.2 K contract, so fall in market was used by FII's to enter long and exit short in  Index futures. FII's Long to Short Ratio increased to 3.1.  What Stock Trader can Learn from Doctor
  • As discussed in last analysis   Bulls now need to close above 9674 Gann angle for a move towards 9720. Close above 9720 is very very important for next move towards 9790/9860. Bearish below 9565 for a move towards 9520/9480. High made was 9676 near the gann angle so bulls were not able to close above 9674 also we had the narrowest range of market in past few days, 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.  

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