Will Nifty close above 7462,EOD Analysis

• FII's bought 18.1 K contract of Index Future worth 981 cores ,5.7 K Long contract were liquidated by FII's and 12.4 K short contracts were added by FII's. Net Open Interest increased  by 6.7 K contract, so rise in market was used by FII's to exit  long and  enter shorts in  Index futures. Secret of Successful Trading:Make Your Trading Boring
  

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 7487 and nifty came down to close @7436.

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