Nifty Holds 7546 on Weekly Basis,EOD Analysis

• FII's sold 15.3 K contract of Index Future worth 897 cores ,6.2 K Long contract were liquidated by FII's and 9 K short contracts were added by FII's. Net Open Interest increased  by 2.8 K contract, so rise in Nifty market was used by FII's to exit  long and  enter shorts in  Index futures.Safest place for a ship is the harbour but it was never built to stay there....
  

As we have been discussing Support is near 7546-7519 range and resistance around 7582/7684 so market can swing in both the levels for sometime before making the next major move. Nifty made low of 7526 and High of 7570 suggesting trading in small range,

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