Saturday, April 11

Nifty ready for big move,FII FnO Data Analysis

FII
  • FII's sold 3.6 K contract of Index Future worth 214 cores,614 Long contract were added by FII's and 4.2 K short contracts  were added by FII's. Net Open Interest increased  by 4.9 K contract.Why Traders cannot stick to their trading Plan?
 Nifty continued with its rally forming higher high and higher low pattern. Till 8682 is not broken trend remains up,  .As per gunner Nifty took support at Green arc and is  now head to the gann line as shown by red line. Nifty is also near the 61.8% retracement at 8791 which should be watch out on Monday.  Current uptrend will get over when we  have correction of more than 107 point from the highs. Till than..

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