FII bought 19.2 K contract of Index Future worth 1283 cores, Net OI has decreased by 2.5 K contract, 8.2 K Long contract were added by FII and 10.8 K shorts were covered by FII. Net FII Long Short ratio at 0.90, So FII used fall to enter longs and exit shorts.
Nifty open with gap up bulls were able to enter above 9132 but missed our target by few points as high made was 9261 , Bears got whipsawed below 8900. We have weekly expiry tommrow Bulls need to move above 8980 for a move 9020/9067/9150. Bears will get active below 8860 for a move back to 8780/8733/8686.
Upper End of Expiry : 9157
Lower End of Expiry: 8692
Nifty open with gap up bulls were able to enter above 9132 but missed our target by few points as high made was 9261 , Bears got whipsawed below 8900. We have weekly expiry tommrow Bulls need to move above 8980 for a move 9020/9067/9150. Bears will get active below 8860 for a move back to 8780/8733/8686.
Upper End of Expiry : 9157
Lower End of Expiry: 8692
Trade closed: target reached
Trade closed manually