Tuesday 22 March 2016

Nifty near channel resistance,EOD Analysis

FII's bought 2.8 K contract of Index Future worth 200 cores ,4.9 K Long contract were added by FII's and 2.1 K short contracts were added by FII's. Net Open Interest increased  by 7 K contract, so rise in Nifty market was used by FII's to enter long and  enter shorts in  Index futures.Are You Emotional Trader ? As discussed in Last Analysis    So we have a close above 7634 suggesting

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