Thursday, February 12

Nifty does breakout on Hourly chart, Will it Sustain ?

FII
  • FII's sold 28.8 K contract of Index Future worth 619 cores, 2.4 K Long contract were added  by FII's and 30.8 K  short contracts  were added by FII's. Net Open Interest increased  by 7.3 K contract ,so FII's added partial  long  in Index Futures and added  shorts in index futures.
As discussed yesterday Nifty is at a crucial juncture trading between 21/34 HEMA, crossing the same we can see move towards 8682/8713 odd levels. Gann Box is also suggesting supply zone in range of 8682-8713.   Holding 8590 bulls will have upperhand, below it bears will have upperhand and take sharp downmove till 8500/8455 odd levels. Low made was 8599 and..

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