Nifty take support near gann arc,FII FnO Data Analysis

• FII's bought 5.9 K contract of Index Future worth 334 cores ,2.3 K Long contract were added by FII's and 3.5 K  short contracts  were liquidated by FII's. Net Open Interest decreased  by 1.1 K contract, so today's fall in market was used by FII's to enter long and  exit shorts in  Index futures Joy of Giving

As discussed in last analysis Nifty needs to hold 8088 unable to do so we can correct all the way till 8041/8000 Nifty continued with its fall for fifth day, correction of 292 points, Nifty took support near the gann arc and swing points as shown

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