Nifty Forming CYPHER Harmonic Pattern,EOD Analysis

• FII's sold 9.5 K contract of Index Future worth 559  cores ,8.7 K Long contract were liquidated by FII's and 820 short contracts were added by FII's. Net Open Interest decreased  by 7.8 K contract, so fall in market was used by FII's to exit long and  enter shorts in  Index futures.Think Less & Keep It Simple
  

As discussed in Last Analysis   Fresh shorts on close below 7767 for target of 7686. Bullish only on close above 7846. Nifty will open gap down as shown by SGX Nifty and will do that target of 7686. Now as per Harmonic Studies Nifty is forming

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