Nifty does 7972 below 8050, EOD Analysis

Thursday, December 22 Leave a Comment

  • FII's sold 13.8 K contract of Index Future worth 786 cores ,865 Long contract were liquidated by FII's and 13 K short contracts were added by FII's. Net Open Interest increased  by 12.1 K contract, so fall in market was used by FII's to exit long and enter  shorts  in  Index futures. How Your Brain Stops You From Being A Trader
As discussed in last analysis  Nifty did low of 8062, Today low is very crucial its kind of make or break level looking at the current price action and time analysis, Break of 8056 will see a move towards 7972/7916. Holding the same another bounce towards 8150/8200. Close below 8051 move towards 8000/7916. Nifty opened at 8046 below 8050 and did the target of 8000/7972.

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