Will Nifty hold 7916 Swing low ,EOD Analysis

Saturday, December 24 Leave a Comment

  • FII's sold 10.5 K contract of Index Future worth 653 cores ,10.7 K Long contract were added by FII's and 21.2 K short contracts were added by FII's. Net Open Interest increased  by 32 K contract, so rise in market was used by FII's to enter long and enter  shorts  in  Index futures. Don’t Hope,… Decide!
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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