Nifty getting ready for range breakout,EOD Analysis
- 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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