Nifty rallies above 7634,EOD Analysis

• FII's bought 2.8 K contract of Index Future worth 251 cores ,4.3 K Long contract were liquidated by FII's and 7.1 K short contracts were liquidated by FII's. Net Open Interest decreased  by 11.5 K contract, so rise in Nifty market was used by FII's to exit long and  exit shorts in  Index futures.Does it Hold True Let your Winners run and Cut your losses
  

As discussed in Last Analysis   Nifty gann arc again helped us and bulls showed true colors by closing at 7600 and also closing above the gann trendline . Close above 7634 is important for a move towards 7800/7900, Bears have chance only on close below 7450. So we have a

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