Nifty January Expiry Analysis

• FII's sold 61.1 K contract of Index Future worth 1300 cores, 69.4 K Long contract were added  by FII's and 1.3 Lakh  short contracts  were added by FII's. Net Open Interest increased  by 2 lakh contract ,so FII's added long and added  majority shorts in index future.So after long time FII's have shorted index futures in huge quantity.

Nifty made new life high today @ 8985  and rising for 9 straight session forming shooting start candlestick , also rallying 1024 points which is also near to 1041 points as discussed in last analysis   Nifty is trading well above its 34 HEMA@ 8874 so till its held bulls are in control.Also today correction we have seen is 111 points...

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