Nifty fails to close above 8677 but protect 8577,EOD Analysis

• FII's bought 9.8 K contract of Index Future worth 631 cores ,9 K  Long contract were added by FII's and 0.8 K short contracts were liquidated by FII's. Net Open Interest increased  by 8.2 K contract, so fall in market was used by FII's to enter long and exit shorts  in  Index futures. Tested Classic Stock Trading Rules-I

 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. High made today was 8711 but again market failed to close above 8677, Low made was 8590 where bears were also unable to break 8577, Thats the reason we always tell traders to prepare both side plan and never go for directional move

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