Friday 13 June 2014

Nifty corrects from Elliot wave target, FII Data analysis

FII's sold 14989 contract of Index Future worth 574 cores, 5348 Long contract were squared off and 9641 short contracts were added.Net Long Contract for FII's are just 21K for the current series which is lowest in 2014, so FII's are majorly going short in market. As i was discussing in past few days, EW top of 7700 was short term top, Also Hanging Man confirmation was done yesterday and

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