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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