Monday 23 May 2016

Nifty continues to trade below 7777,EOD Analysis

FII's bought 6 K contract of Index Future worth 325 cores ,9.6 K Long contract were added by FII's and 3.6 K short contracts were added by FII's. Net Open Interest increased  by 13.3 K contract, so fall in market was used by FII's to enter long and enter shorts  in  Index futures.How trading brain Works ? As discussed in last analysis Close below 7777  can see nifty going till 7678/7546

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