Nifty bounces from demand zone,FII FnO Data Analysis

• FII's sold 2.4 K contract of Index Future worth 6 cores ,2 K Long contract were added  by FII's and 4.5 K  short contracts  were added  by FII's. Net Open Interest increased  by 6.5 K contract, so today's fall was used by FII's to enter shorts and longs in index futures What You Can Learn From Great Sportsmen to Improve Trading

As discussed in last analysis 8318-8300 range is very important demand zone as shown in below chart, holding the same and moving above 8400 can see bulls coming back else we will see a further fall towards 8223 odd area. Nifty made low of 8316 exactly near our demand zone of 8318

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