Nifty Bulls held on to 7777, EOD Analysis

• FII's sold 3.2 K contract of Index Future worth 193 cores ,2.2 K Long contract were liquidated by FII's and 1 K short contracts were added by FII's. Net Open Interest decreased  by 1.1 K contract, so rise in market was used by FII's to exit long and   shorts were added in  Index futures.Cella Quinn from Dishwasher to President of Investment Firm
  

As discussed in last analysis   Low made today was 7784, highlighting the importance of 7777 and closed above 7800 but below 7850, so market closed at no trade zone, Also we are near the gann trendline as shown below, holding the same we can see bounce back. Nifty again

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