Nifty corrects 150 points from 7850,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. Stop Gambling Start Trading
  

As discussed in last analysis   If we close above 7850 on weekly basis can see move back to 7950-7972 range and weekly close below 7850 can see move towards 7750-7700.  Nifty made low of 7697 does the target of 7700 near gann supprt line as shown in below chart, If we hold this line

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