Nifty Technical Analysis before Budget 2017

FII's sold 4.3 K contract of Index Future worth 320 cores ,6.6 K Long contract were liquidated by FII's and 492 short contracts were added by FII's. Net Open Interest decreased  by 8.9 K contract, so fall in market was used by FII's to exit long and enter  long in  Index futures. Common Excuses Made By Losing Traders As discussed in last analysis  Bearish below 8600 for a move till 8550/

Posted in: Technical Analysis