Nifty at life high, How to trade on 21 Jan

• FII's bought 83.7 K contract of Index Future worth 1749 cores, 96.9  K Long contract were added  by FII's and 13.2 K  short contracts  were added by FII's. Net Open Interest increased  by 110 K contract ,so FII's added both long and   shorts in index future in a dull day of trading.

Nifty made new life high today @ 8707 as we have been anticipating , As discussed in last analysis  Nifty closed above 8550 suggesting supply is getting observed. As per Hourly chart breakout has happened and new high is round the corner, Also as per gann box analysis Nifty was able to close above  yellow line convincingly so possibility of big rise is round the corner. Expect a trending move in next 2 trading sessions. Also in our Weekly Analysis Gann date should..

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