Nifty Bounces but unable to sustain Higher,EOD Analysis

• FII's sold 21.9 K contract of Index Future worth 1277 cores ,19.7 K Long contract were liquidated by FII's and 2.2 K short contracts were added by FII's. Net Open Interest decreased  by 17.5 K contract, so fall in market was used by FII's to exit long and  enter  shorts in  Index futures. How not to Increase Your Trading Losses
  

As discussed in last analysis  Nifty made low of 7697 does the target of 7700 near gann support line as shown in below chart, If we hold this line we can see bounce back till 7800/7850 range. Unable to close above 7850 in bounce back  we can fall all the way till 7546-7501 in next 2-3 weeks, High made

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