Nifty fails to close above 8336,EOD Analysis

• FII's bought 4 K contract of Index Future worth 254 cores ,5.2 K Long contract were added by FII's and 1.1 K short contracts were added by FII's. Net Open Interest increased  by 6.3 K  contract, so rise in market was used by FII's to enter long and enter shorts  in  Index futures.Detrended Price Oscillator (DPO) Introduction

 As discussed in Yesterday Analysis   Breakout only on close of 8336 for target of 8545/8700.  Bears will get active only on close below 8100.High made today was 8356 but again closed below 8336 suggesting the importance of 8336.

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