Saturday, 2 April 2016

{LONGTERMINVESTORS} Nifty trading near gann arc,EOD Analysis

FII

  • FII's sold 7.3 K contract of Index Future worth 386 cores ,4.1 K Long contract were liquidated by FII's and 3.1 K short contracts were added by FII's. Net Open Interest decreased  by 0.9 K contract, so fall in Nifty market was used by FII's to exit long and  enter shorts in  Index futures.Which type of a trader are you?
Nifty after turning from the butterfly PRZ zone and also made high near the gann arc, suggesting resistance will be strong as its confluence of  different studies  is happening,

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Rgds,
Bramesh

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