Nifty does 9600 above 9410,EOD Analysis

• FII's bought 11 K contract of Index Future worth 884 cores ,1 K Long contract were liquidated by FII's and 12.1 K Short contracts were liquidated by FII's. Net Open Interest increased  by 13.2 K contract, so rise in market was used by FII's to exit long and exit short in  Index futures. FII's Long to Short Ratio has risen dramatically towards 5.7 highest in recent times Using INVERSION to be a better Trader ?

As discussed in last analysis   Now Bulls need a close above 9530 for next moved towards 9610/9666. Bearish below 9460 for a moved towards 9410/9370. High made was 9604 so bulls almost did the target of 9610 as soon as we moved above 9530.

Continue Reading