Nifty forms Inside Day Pattern,EOD Analysis

• FII's bought 2.7 K contract of Index Future worth 181 cores ,3.9 K Long contract were added by FII's and 1.1 K short contracts were liquidated by FII's. Net Open Interest increased  by 5.1 K contract, so fall in market was used by FII's to enter long and enter shorts  in  Index futures. Traders New Year's Resolutions for 2017

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

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