- FII's sold 18.6 K contract of Index Future worth 1120 cores ,22.5 K Long contract were liquidated by FII's and 3.9 K short contracts were liquidated by FII's. Net Open Interest decreased by 26.4 K contract, so fall in market was used by FII's to exit long and exit shorts in Index futures. With self-confidence & Perseverance, Never Give Up
As discussed last Analysis Now for next 2 days range of 8910-8928 is very crucial zone unable to close above it nifty can see another round of down move towards 8760/8700. There are 2 cycle working currently for nifty one from 8968 which was price and time square and another one was from 8750 , both are price and time square, market has to break anyone of the level for trending move, else we will keep rotating in this range. Bulls need a close above 8928 for a move till 8968/9056/9120, Bear below 8700. Bulls again failed to close above 8910-8928 range, when 2 cycle are at work such choppy moves are bound to happen, its like both bulls and bears are trying hard but none of them are succeeding, Also we are forming a bearish ABCD pattern which showed its effect last friday , we can correct till 8809/8758/8700 in short term. Bullish only on close above 8928. 8715 low
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