Nifty heading towards supply zone of 8860-8922,EOD Analysis

FII's sold 6.3 K contract of Index Future worth 399 cores ,4.6 K Long contract were liquidated by FII's and 1.6  K short contracts were added by FII's. Net Open Interest decreased  by 3  K contract, so rise in market was used by FII's to exit long and enter  shorts  in  Index futures. Do Not Limit Yourself  As discussed in Yesterday Analysis   Bulls above 8723 can see move till 8851/8900

Posted in: Technical Analysis