Thursday, October 5

Nifty Bulls still unable to close above 9930,EOD Analysis

  • FII's sold 5.8 K contract of Index Future worth 490 cores ,4.2 K Long contract were liquidated by FII's and 1.6 K Short contracts were added by FII's. Net Open Interest decreased  by 2.5 K contract, so fall in market was used by FII's to exit long and enter  short in  Index futures. FII's Long to Short Ratio at 1.33.  Do You Stick to Losing Positions in Trading ?
  • As discussed in last analysis   High made today was 9938 so bulls were unable to close above the zone of congestion and also upper end of gann angle, today time cycle effect should be shown in next 2 days,Bulls need close above 9930 for a move towards 10000/10090/10170, Bearish below 9900 for a move towards 9860/9810/9750. We can see price time squaring based on today high of 9933 and time cycle of 04 Oct.  High made today was

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