DAILY ANALYSIS on NIFTY JAN 28, 2015

Nifty futures opened gap up at 8870.00 with +25.60 point up from the previous day closing at 8844.40. From the opening we saw selling in Nifty and near 12 o’clock Nifty made a day low of 8837.55 but after noon Nifty moved up with continuous buying and near closing of the market Nifty closed positive at 8917.75 with life time high of 8938.80. And the full day Nifty Index traded between 8938.80- 8837.50. At the end of the day Nifty futures Gained +0.83%, +73.35 points up to close at 8917.75 from the previous day closing at 88440.40 with premium of +7.25 points and percent change in open interest of -11.10%.