Nifty Bulls fails to hold above 8270,EOD Analysis

Sunday, January 8 Leave a Comment

  • FII's bought 8.1 K contract of Index Future worth 510 cores ,9.2 K Long contract were added by FII's and 1.1 K short contracts were added by FII's. Net Open Interest increased  by 8.1 K contract, so fall in market was used by FII's to enter long and enter shorts  in  Index futures. Paul Tudor Jones explaining Why FAILURE is important
As discussed in last analysis   Real test of bulls will come in range of 8250-8270,  decisive move can be seen during 04-05 Jan period. Bullish above 8270 for a move towards 8370/8450.Bearish below 8100 for a move till 7997/7900. High made today was 8218 and low 8180 so still the range trade between 8250-8100 continues.  decisive move will be seen outside this range only.

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