Nifty reacts from zone of resistance,EOD Analysis

• FII's bought 2.6 K contract of Index Future worth 153 cores ,4.6 K Long contract were added by FII's and 2 K short contracts were added by FII's. Net Open Interest increased  by 6.7 K contract, so fall in market was used by FII's to enter long and enter shorts  in  Index futures. The difference between winning and losing in trading

 As discussed last Analysis   Nifty close above 8756 which is positive sign holding 8756 nifty will approach the gann line of resistance at 8800. Close above 8800 can see fast move towards 8840/8888. There is lot of supply in this zone, Sustaining below 8750 for an hour can quickly push index down to 8690/8656. High made today was 8806 and closed below 8756

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