Nifty heading in supply zone of 8548-8577,EOD Analysis

• FII's bought 18 K contract of Index Future worth 1148 cores ,17.2 K  Long contract were added by FII's and 737 short contracts were liquidated by FII's. Net Open Interest increased  by 16.5 K contract, so rise in market was used by FII's to enter long and exit shorts  in  Index futures. What It Takes to Trade for a Living

 As discussed in Yesterday Analysis   Breakout only on close of 8372 for target of 8488/8548/8700.  Bears will get active only on close below 8210.  Nifty did 8527 today now the range of 8548-8577 is a crucial range, where bulls can book profit near gann horizontal line as shown in below chart. Bank Nifty heading in supply zone of 18768-18850,EOD Analysis

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