Nifty took support at demand zone,EOD Analysis

• FII's sold 9.2 K contract of Index Future worth 506 cores ,4.6 K Long contract were liquidated by FII's and 4.6 K  short contracts were added by FII's. Net Open Interest increased  by 28 contract, so today's fall  in market was used by FII's to exit long and  enter shorts in  Index futures. How Your Brain Gets In The Way of Your Trading Success
  

As discussed yesterday Nifty is nearing trend change as shown in gann swing chart, Closing above 7994 will lead to trend change on upside, Till 7906 is held we can move towards 7994/8051/8116, Support is at 7906/7851. Nifty made high of 7979 unable to cross 7994 and started the fall and made low of 7911 near our demand zone of 7906

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