Will Nifty break 8681,EOD Analysis

Thursday, February 16 Leave a Comment

  • FII's bought 9.8 K contract of Index Future worth 688 cores ,18.1 K Long contract were added by FII's and 8.2 K short contracts were added by FII's. Net Open Interest increased  by 26.3 K contract, so fall in market was used by FII's to enter long and enter short in  Index futures. How to Prepare for a trading day
As discussed in last analysis    Bulls should protect 8681 and till its protected move towards 8969 and above is quiet possible. Once the Gann arc as shown below is broken bulls will shown an impulsive move on upside. When we are near major supply zone as i have been discussing we see such choppy moves, more nifty consolidates in the zone faster and impulsive will be the breakout.  15 Feb is important date as per time analysis,hopefully we should see trending move tomorrow. Low made today was 8712 and high made was
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