Nifty continue to do Squaring of Space, Impulsive move coming

Wednesday, July 5 Leave a Comment

  • FII's bought 2.3 K contract of Index Future worth 164 cores ,1.1 K Long contract were added by FII's and 1.1 K Short contracts were liquidated by FII's. Net Open Interest increased  by 17 contract, so rise in market was used by FII's to enter  long and exit short in  Index futures. FII's Long to Short Ratio at 3.37  Things that Damage Your Trading Account

  • As discussed in last analysis  Nifty Bulls again failed to close above 9624 but also protected 9680, As per current technical structure nifty is doing squaring of space and when it happens we see impulsive move in next 1-2 days ,Bulls will get active above 9624 for a move towards 9710/9790. Bearish below 9580 for a move towards 9525/9480. Nifty closed above 9624 but

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