Nifty continue to close above gann angle,EOD Analysis

  • As discussed in last analysis   As per time analysis we have made a low till 9020 is not broken and we can see upmove towards 9175/9216/9268 once we close above 9130 Bearish below 9077 for a move back to 9020/8992 We have seen close above 9130 today above gann angles, suggesting we can see range expansion and we are heading towards 9175/9216/9268. Bearish below 9070 for a move till 9020. Low made today was 9136 and High made was 9183 suggesting bulls are still active and should make life high above 9218 in next 1-2 days. We are up move than 160 points from low of 9020 made as per time analysis. Above 9218 we can see  upmove towards 9268/9317. Bearish below 9070 for a move till 9020.  Bank Nifty does 21700 on Expiry Day,EOD Analysis

  • Nifty April Future Open Interest Volume is at 2.31 core with addition of 40 Lakh with decrease in cost of carry suggesting short position were added today, NF Rollover cost @9148 closed above and rollover % at 59.9
  • FII’s bought 67.67 cores in Equity and DII’s bought 1701 cores in cash segment.INR closed at 64.91

Buy above 9192 Tgt 9216,9239 and 9268 (Nifty Spot Levels)

Sell below 9160 Tgt 9145,9120 and 9080 (Nifty Spot Levels)

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