Nifty forms DOJI near Supply zone,EOD Analysis

Thursday, February 2 Leave a Comment

  • FII's sold 4.2 K contract of Index Future worth 258 cores ,6.5 K Long contract were added by FII's and 10.8 K short contracts were added by FII's. Net Open Interest decreased  by 17.3 K contract, so rise in market was used by FII's to enter long and enter  long in  Index futures. Common Excuses Made By Losing Traders
As discussed in last analysis    Holding 8710 nifty is headed towards 8800/8860. Bearish only on close below 8500. 8710 is held again suggesting move till 8800 possible but the range of 8806-8840 a big supply zone so market if it consolidated in range of 8700-8800

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