Nifty technical set up before crucial Greece Referendum

• FII's bought 15.8  K contract of Index Future worth 361 cores ,16.4 K Long contract were added by FII's and 0.05 K  short contracts  were added  by FII's. Net Open Interest increased  by 16.9 K contract, so today's rise was used by FII's to enter longs in index futures How Markets Will React to Greek Referendum

Nifty made high of 8497 which is 61.8% retracement from 8845-7940 and also closed above 100 DMA , Nifty also was unable to cross the pyrapoint resistance  at 0 degree line as shown in below chart, Weekly Closing was above 20 WSMA. So Bulls and bears are hanging on balance as the result of Greece referendum

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