1. FIIs bought 3490 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 103.10 cores with net Open Interest decreasing by 7450 contracts. 2. As CNX Nifty Future was down by 2 points with Open Interest in Index Futures decreasing by 7450, so FIIs have booked profit in shorts in Nifty… Read More »
Fibonacci technique Fib retracements Fibonacci Ratios are drawn in above chart from 4555-5633 showing Fibonacci support and Fibonacci resistance. 5945Fibonacci resistance on Weekly basis as discussed last week. Nifty made a High of 5949 fall back all way to 5839 before recovering till 5907. Still 5953 will be a tough resistance to cross. … Read More »
Fibonacci technique Fib retracements Fibonacci Ratios are drawn in above chart from 4555-5633 showing Fibonacci support and Fibonacci resistance. 5945Fibonacci resistance on Weekly basis Fibonacci fan As discussed earlier Fibonacci fan helps in finding potential tops and Bottom of market from short term prospective. If we see the chart closely with Fibonacci fans 5930-5945 is… Read More »
Fibonacci technique Fib retracements Fibonacci Ratios are drawn in above chart from 5217-5815 showing fibonacci support and fibonacci resistance. 5585 was broken but nifty closed above 5585 on Weekly basis . fibonacci resistance comes at 5652-5672 range. Fibonacci fan As discussed earlier Fibonacci fan helps in finding potential tops and Bottom of market from short… Read More »