NIFTY TODAY
Today nifty tested the crucial support 4850 levels and managed to close 4900 levels. Volume was good. Market breath was negative with 19 advances and 30 declines. FII’s were net sellers for 1540.32 crores! DII’s were net buyers for 816.92 crores. Technically in the price chart a trend stopping pattern had formed. Nifty futures had a gap down opening and faded today itself. Open interest had risen with price rice it suggest that fresh long had initiated. Let’s see what happens next week.
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