Nifty forms ABCD Pattern,EOD Analysis

• FII's bought 18.7 K contract of Index Future worth 958 cores ,15 K Long contract were added by FII's and 3.6 K short contracts were liquidated by FII's. Net Open Interest increased  by 11.4 K contract, so fall in market was used by FII's to enter long and  exit shorts in  Index futures.Market is going against me, but unable to cut my loses
  

As per below chart nifty has formed a BULLISH ABCD pattern near so if 7323 is held we can see bounceback till 7579/7610/7654 in short term , Short covering rally will be fast and furious. Nifty has corrected 637 so short covering rally cannot be ruled out, our levels are..

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