Thursday, January 28

Nifty Feb Series Analysis

FII
  • FII's sold 29.6 K contract of Index Future worth 1597 cores ,103  K Long contract were Liquidated by FII's and 57.7  K short contracts were liquidated by FII's. Net Open Interest decreased  by 161 K contract, so fall in market was used by FII's to exit  long and  exit shorts in  Index futures. Using Your Intuition in trading
As discussed in Last Analysis Now range of 7460-7480 should be watched closely as closing above it can see nifty moving in 7550-7575 range where we have strong supply, Support at 7320 and 7250. High made was 7468 and nifty came down to close @7424. We need a close above

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