Nifty ready for trending move, EOD Analysis

Monday, January 9 Leave a Comment

  • FII's sold 2.6 K contract of Index Future worth 173 cores ,2.5 K Long contract were liquidated by FII's and 131 short contracts were added by FII's. Net Open Interest increased  by 2.4 K contract, so fall in market was used by FII's to exit long and enter shorts  in  Index futures. Paul Tudor Jones explaining Why FAILURE is important
As discussed in last analysis   Nifty closed above 8270 on 05 Jan but failed to give follow up move on 06 Jan  as closed just below 8250. Bulls need a close above 8270 for a move above towards 8370/8450. Bears will be happy to see another close below 8200 for a move towards 8133. High made today was 8263 so another failed attempt by bulls to close above 8270 and bears failed
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