Nifty breaks demand zone, EOD Analysis for Feb Expiry

• FII's sold 9.5 K contract of Index Future worth 491 cores ,9.2  K Long contract were added by FII's and 18.8 K short contracts were added by FII's. Net Open Interest increased  by 28.1 K contract, so fall in market was used by FII's to enter  long and  enter shorts in  Index futures. Nifty 50 To Have 51 Securities , First time DVR added
  

As discussed in last analysis Bulls needs to hold 7058 on closing basis for some pullback on expiry.Nifty closed below 7058 suggesting we

Continue Reading