Nifty close above 8677,EOD Analysis

• FII's bought 2.5 K contract of Index Future worth 156 cores ,5.6 K Long contract were added by FII's and 3.1 K short contracts were added by FII's. Net Open Interest increased  by 8.7 K contract, so fall in market was used by FII's to enter long and enter  shorts  in  Index futures. Why You Can't Cut Losses

 As discussed in Yesterday Analysis   Bulls need to protect 8677 in any correction to continue upmove towards 8800/8851 zone as seen in below gann chart. Nifty closed just a tad above 8678 suggesting bulls are in control,holding 8678 bulls can again move towards 8849.