{LONGTERMINVESTORS} Nifty fails to close above 8677,EOD Analysis

• FII's bought 1.4 K contract of Index Future worth 84 cores ,5.2 K  Long contract were added by FII's and 1 K short contracts were added by FII's. Net Open Interest increased  by 3.5 K contract, so fall in market was used by FII's to enter long and enter shorts  in  Index futures. Enjoy your life at every moment
  

 As discussed in Yesterday Analysis   Now the zone of 8654-8677 is crucial supply zone, closing above 8677 level again can see fast move till 8849. We have resistance zone at every 100-150 points as market has spend lot of time in this range during the 2015 year. Bearish on close below 8490 only. Holding 8577 again another attempt can be made to break 8650 range.High made on Friday

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Rgds,

Bramesh

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