Today’s FII/DII Activities:
FII Trading Activity:
DII Trading Activity
ON daily chart nifty formed a inverted hammer type pattern but previous trend is zig zag.if an inverted hammer is formed at an uptrend then there is a chance of trend change but nifty doesn’t clear its previous direction so there is one more factor moving average and nifty closed above its 25 DEMA and 50 DEMA which is good sign for bulls but one more factor is next day is expiry of this month so market may be very volatile for the next day and as market bounced back from 120 points so next day may lead to profit booking.
on hourly charts nifty showed sign of downtrend at closing time and made an consolidation pattern at today’s high so market seems volatile for the next day and most probably expiry may be seen at level of 9830 to 9900.