Bank Nifty forms doji near supply zone, EOD Analysis

 As discussed in last analysis  16200-16229 is important supply zone for bank nifty, closing above it  we can see move towards 16800 on/before RBI policy. Support will increase to 15700-15750 range. Bank Nifty unable to close above the supply zone, and also took resistance at the gann horizontal as shown below. Bank Nifty has rallied … Read more

Nifty approaching final target of Butterfly pattern,EOD Analysis

FII’s bought 7.8 K contract of Index Future worth 394 cores ,27.6 K Long contract were added by FII’s and 19.7 K short contracts were added by FII’s. Net Open Interest increased  by 47.4 K contract, so rise in Nifty market was used by FII’s to enter  long and  enter shorts in  Index futures.Which type of … Read more