Nifty use Brexit event to bounce from demand zone, EOD Analysis

• FII's sold 30.6 K contract of Index Future worth 1767 cores ,30.9 K Long contract were liquidated by FII's and 327 short contracts were liquidated by FII's. Net Open Interest increased  by 31.2 K  contract, so fall in market was used by FII's to exit  long and exit shorts  in  Index futures.Its all about Will power, Amazing Story of Girish Gogia
  

 As discussed in Yesterday Analysis   Nifty did close above 8210 suggesting a bullish set up but the overnight news event on Brexit did a gap down of almost 250 points. As i always suggest if you are trader with small capital do not take aggressive position before the event, and if you take you should be properly hedged, Its just like Term Insurance which will make sure you do not suffer a big blow in your trading account. Always remember trading is all about Risk Management, Manage Risk Profits will follow.

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