Monday, 14 July 2014

Nifty Analysis & FII Data Analysis for 15 July 2014

  • FIIs bought 13457 contracts of Index Future (bought 4994 long contracts and 8463 short contracts were squared off) with net OI decreasing by 3469 contracts. FIIs were net buyers today.
  • FII covered some short contracts and nifty today consolidating whole time. Nifty trading at swing low and volume not support today’s fall & also nifty made a hammer candlestick pattern today which shows a bullish signal.
  • Nifty retraced 61.8% of up swing 7118 to 7808 and trading at support levels around 7460 now 78.8% level comes at 7380 which act as a strong support.
  • If nifty will not break support at 7460 – 7380 then possible bounce in nifty till 7600 – 7640 odd levels can’t be rules out. 




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