Nifty Trade Setup with fresh time cycle from 26 Aug
- FII's bought 2 K contract of Index Future worth 249 cores ,367 Long contract were liquidated by FII's and 2.4 K Short contracts were liquidated by FII's. Net Open Interest decreased by 2.8 K contract, so rise in market was used by FII's to exit long and exit short in Index futures. FII's Long to Short Ratio at 1.07,For the August Series FII have net added shorts 133 K Contract till we do not close above 9910 all rallies will get sold into. How to deal with Trading Losses
- As discussed in last analysis Bullish above 9830 for a move towards 9884/9920 towards higher side of gann angle. Bearish below 9740 break of lower end of gann angle for a move towards 9685/9610. High made was 9881 near the gann angle line as shown in below gunner chart with gap so we did the target of 9884 as we discussed above 9830. As new
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