Nifty Bulls held on 7850, EOD Analysis

• FII's bought 10.6 K contract of Index Future worth 631 cores ,3.6 Long contract were added by FII's and 7 K short contracts were liquidated by FII's. Net Open Interest decreased  by 3.4 K contract, so rise in Nifty market was used by FII's to enter  long and  exit shorts in  Index futures.Do You Fear Missing Out?
  

As discussed in last analysis  Nifty closed just at 7850, Now we need to see 7950/7972 range closing above it will see market moving towards 8100/8250 as per gann analysis. Support at 7600. Low made was 7842 and close above 7914, also closed

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