Nifty closes below 7767, EOD Analysis

FII's sold 3 K contract of Index Future worth 191 cores ,3.6 K Long contract were liquidated by FII's and 0.05 K  short contracts were liquidated by FII's. Net Open Interest decreased  by 4.1 K contract, so today's fall  in market was used by FII's to exit long and  exit shorts in  Index futures. Are You a Trader or a Gambler? Nifty opened below the demand zone of 7767 made high of 7771,

Posted in: Technical Analysis