Nifty Forms Inside day,EOD Analysis

• FII's sold 4.9 K contract of Index Future worth 368 cores ,2.3 K Long contract were added by FII's and 7.2 K short contracts were added by FII's. Net Open Interest increased  by 9.6 K contract, so rise in market was used by FII's to enter long and enter  shorts  in  Index futures. Common Excuses Made By Losing Traders

As discussed in last analysis  8675-8700 is crucial resistance band as per gann angles as shown in below chart, further rally towards 8752/8806 as budget is coming on 01 feb so once 8700 crossed we can see fast move towards 8806/8840 range. Bearish only below 8432. Nifty held on

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