Saturday, June 13

Nifty form bullish ABCD,BAT harmonic pattern,FII FnO Data Analysis

FII
  • FII's sold 10.5 K contract of Index Future worth 120 cores ,16 K Long contract were added by FII's and 26.6  K  short contracts  were added  by FII's. Net Open Interest increased  by 42.7 K contract, so todays small rise was used by FII's to add both shorts and long in index futures. The Trader’s Mindset Leap from unprofitable to Profitable trader
Nifty after 8 months gave a weekly close below 8000 but bounced from the demand zone of 795-7930 and close above 7962.Bank Nifty has formed DOJI on weekly charts near important support, suggesting Bank Nifty has formed short term bottom. Also from 15 June we are entering new time cycle which should be


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