Nifty Bulls fail to close above 8600,EOD Analysis

Sunday, October 16 Leave a Comment

  • FII's bought 1.1 K contract of Index Future worth 64 cores ,0.9 K Long contract were added by FII's and 0.1 K short contracts were liquidated by FII's. Net Open Interest decreased  by 35.5 K contract, so rise in market was used by FII's to enter long and exit shorts  in  Index futures.   Deliberate practice & 10 Years of Silence will set you "apart"
 As discussed last Analysis  As we have weekly closing tomorrow and nifty bulls will try hard to hold to 8518-8520 levels and bears will try to close below 8500. Holding 8500-8520 range nifty can again bounce towards 8700/8756/8800. On Downside strong support in the range of 8448-8450.  Nifty made low of 8549.80 and range of 8500-8520 was

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