Nifty Bulls Hold 8370 but fail to close above 8460,EOD Analysis

Tuesday, January 17 Leave a Comment

  • FII's sold 2.1 K contract of Index Future worth 169 cores ,1.3 K Long contract were liquidated by FII's and 741 short contracts were added by FII's. Net Open Interest decreased  by 631 contract, so fall in market was used by FII's to exit long and enter shorts  in  Index futures. Do not Strike when Angry
As discussed in last analysis    Nifty  made high of 8426 and low of 8374 so bulls unable to close above 8460 and bears below 8370. As 8370 was previous resistance now it has become a solid support as from past 2 days low on Nifty was 8373/8374. Bearish below 8370 for a move towards 8330/8250. Bullish above 8460 zone in between see saw move. High made today was 8440 and low 8378 so

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