Nifty getting ready for range breakout,EOD Analysis

Thursday, January 19 Leave a Comment

  • FII's sold 3.6 K contract of Index Future worth 209 cores ,63 Long contract were added by FII's and 3.6 K Short contracts were added by FII's. Net Open Interest increased  by 3.7 K contract, so rise in market was used by FII's to enter long and enter shorts  in  Index futures. Making Overnight Money via Trading
As discussed in last analysis   Bulls unable to break 8460 and bear 8370 and yo-yo move continue within the small range of 90 points, Bulls need close above 8460 for move towards 8500/8555. Bear below 8370 for move towards 8328/8280. High made today was 8445 so gann resistance zone continue to play its pivotal role as shown in below chart, low was 8404 so

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