Nifty does 8800,EOD Analysis

Monday, February 6 Leave a Comment

  • FII's bought 3 K contract of Index Future worth 169 cores ,9.6 K Long contract were added by FII's and 6.5 K short contracts were added by FII's. Net Open Interest increased  by 16.1 K contract, so rise in market was used by FII's to enter long and enter  long in  Index futures.Calm Mind Lead to Bigger Opportunity
As discussed in last analysis  Low made was 8707 so 8710 playing crucial role and big resistance at 8752, once closed above it next move towards 8806-8840 range. Lot of Supply in these range so more we consolidate in this range better would be the next leg of upmove. Bearish only below 8600. Nifty
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