Saturday, July 8

Nifty formed Inside day Pattern,EOD Analysis

  • FII's sold 10.8 K contract of Index Future worth 761 cores ,5.5 K Long contract were liquidated  by FII's and 5.3 K Short contracts were added by FII's. Net Open Interest decreased  by 221 contract, so fall in market was used by FII's to exit long and enter  short in  Index futures. FII's Long to Short Ratio at 3.2  You're on your own.

  • As discussed in last analysis Bullish above 9645 for a move towards 9710/9790. Bearish below 9580 for a move towards 9520/9480. High made today was 9684 and low made was 9642 so bulls again closed above 9645
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