Nifty does 6 Month of Higher Close on Monthly ,EOD Analysis

• FII's bought 43.8 K contract of Index Future worth 2885 cores ,35.8 K Long contract were added by FII's and 7.9 K short contracts were liquidated by FII's. Net Open Interest increased  by 27.8  K contract, so rise in market was used by FII's to enter long and exit shorts  in  Index futures. Not able to pull the trigger in Trading

 As discussed in Yesterday Analysis   Bulls above 8723 can see move till 8851/8900. Bulls need to hold 8723 on closing basis else it can be termed as fake breakout. Nifty made high of 8819 before seeing profit booking. Bulls holding 8730 can see rally towards 8951-8976 zone. August month closed on a bullish note as its 6 month in a row nifty has seen higher highs. Coming month September is 7

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