Nifty held on to 8577,EOD Analysis

• FII's bought 5.7 K contract of Index Future worth 394 cores ,39.1 K  Long contract were added by FII's and 33.3 K short contracts were added by FII's. Net Open Interest increased  by 72.4 K contract, so fall in market was used by FII's to enter long and enter shorts  in  Index futures. Trading Lesson Learnt From my Trading Guru Part-II

 As discussed in Yesterday Analysis   Now the zone of 8654-8677 is crucial supply zone, closing above 8677 level again can see fast move till 8849. We have resistance zone at every 100-150 points as market has spend lot of time in this range during the 2015 year. Bearish on close below 8490 only. High

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