Nifty rallies 150 points after start of new time cycle, EOD Analysis

Wednesday, January 11 Leave a Comment

  • FII's bought 12 K contract of Index Future worth 743 cores ,12.2 K Long contract were added by FII's and 140 short contracts were added by FII's. Net Open Interest increased  by 12.3 K contract, so rise in market was used by FII's to enter long and enter shorts  in  Index futures. Psychological Pitfalls in Trading
As discussed in last analysis   As we have new time cycle starting tommrow so expect 200-300 points move in nifty till 25 Jan. Bulls need close above 8270 and bear need close below 8200  and in between the range become no trade zone. Nifty finally closed above 8270 when the new time cycle is starting suggesting bulls are can continue upmove towards 8370/8430. Bearish only on close below 8200.


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