Nifty near crucial juncture, EOD Analysis

Tuesday, December 20 Leave a Comment

  • FII's bought 2.8 K contract of Index Future worth 187 cores ,2.2 K Long contract were added by FII's and .5 K short contracts were liquidated by FII's. Net Open Interest increased  by 1.7 K contract, so fall in market was used by FII's to enter long and exit shorts  in  Index futures. How Your Brain Stops You From Being A Trader
As discussed in last analysis  Monday we should see follow down move towards 8100/8050 till we are closing below 8150,  Below 8150 target 8100/8050/7972, Above 8250 target 8330/8370/8444. Nifty did 8100 below 8150 and made low of 8095, near gann arc support, if held another move towards 8150/8220. Bears will get active below 8085 for a move towards 8031/7972. Nifty did low of 8062,

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