Will Nifty close above 7575 after RBI event ?
- FII's
bought 23.9 K contract of Index Future worth 1327 cores ,7.5 K Long
contract were added by FII's and 0.7 K short contracts were added by
FII's. Net Open Interest increased by 8.3 K contract, so fall in market
was used by FII's to enter long and enter shorts in Index futures. Every Success Story Is Also A Story Of Great Failure
As discussed in Last Analysis
Now Bulls should watch 7593/7634 in coming 2 days as these 2 points are
strong supply zone once we sustain above 7575 for 1 hour. Nifty opened with gap sustained above 7575 for 3 hours but was unable to close above the supply zone of 7593 High made was
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