Will Nifty break 7551,FII FnO Analysis

• FII's sold 27 K contract of Index Future worth 1565  cores ,8.6 K Long contract were liquidated by FII's and 18.4 K short contracts were added by FII's. Net Open Interest increased  by 9.7 K contract, so fall in market was used by FII's to exit long and  enter shorts in  Index futures.Before Taking Trades Check your state of mind
  

As discussed in Last Analysis   Now as per Harmonic Studies Nifty is forming CYPHER pattern which gets completed around 7641 so if 7641 holds we might see a fast and furious short covering rally. Nifty opened with gap down and was unable to hold the 7641

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