Nifty rallies from pyrapoint support, FII FnO Data Analysis

• FII's sold 14.8 K contract of Index Future worth 294 cores ,3.6 K Long contract were added  by FII's and 18.5 K  short contracts  were added by FII's. Net Open Interest increased  by 22.1 K contract, so today's rise was used by FII's to enter  both  longs  and shorts in index futures . Do and Don'ts for Intraday Trading

As discussed yesterday Pyrapoint suggest support lies in zone of 8492/8500 range. Holding the same Nifty can see a rise to break its resistance of 8636. Gunner also suggests range of 8480/8500 strong support zone. Fresh buying should be done on close above 8535 on nifty spot. Nifty opened

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