REPORT DAY: 11-Sep-24
TRADING DAY: 12-Sep-24
FO DATA
FII FUT Effective LONG = 27.16%
Client FUT Effective LONG = -5.90%
Interpretation of Data:
FII is having effective LONG position of 27.16 % and Client are SHORT -5.90%, this indicates the bullish bias in the market.
NIFTY:
Based on the chart NIFTY looks strongly bullish, however market may turn at any point of time.
Strong Support = 24800
Strong Resistance = 25350
BEST BUY ZONE = 24850 to 24900
BEST SELL ZONE = 25150 to 25200
BANKNIFTY:
Based on the chart BANKNIFTY looks bullish but weaker than NIFTY, however market may turn at any point of time.
Strong Support = 50400
Strong Resistance = 51550
BEST BUY ZONE = 50800 to 50850
BEST SELL ZONE = 51500 to 51600
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