Nifty Future -- 08-Nov-10 EOD And Tomorrow.

Nifty future closed at 6296.8, after little bit side ways movement.
At the opening it was gained strength but can go up to 6340, and from there fall started.
Today up 1.00 PM, Open interest was showing that NF has strength below 6300 but can loose strength above 6300 level.
That is why it got support at 6282 -- 10 EMA Hourly, and bounce back from there.

What next?? Tomorrow..

After closing, The EMA'S ( Hourly ) are at --
3 EMA -- 6295.
7 EMA -- 6291.
10 EMA -- 6284.

The EOD(closing basis) Open Interest is showing some strength now. So if same thing continue with open interest after opening tomorrow, then we can expect some bounce back.
So Nifty future will try to go upside, and can try to test the hurdle zone 6349-6354( analyzing on the basis of EOD open interest data, and if continue that).
So if NF can go above Pivot point 6306, will try to test hurdle zone, but first resistance is at 6330.

And down side, If NF can cross down today's low-- 6282, then can test 6256 and break of this can go down to 6202 level.

As of now, this level is playing in my mind. If anything more, then will post before tomorrows opening other wise level will be same for tomorrow.