Nifty heading towards 8752, EOD Analysis

• FII's bought 10.6 K contract of Index Future worth 711 cores ,7.3 K Long contract were added by FII's and 3.3 K short contracts were liquidated by FII's. Net Open Interest increased  by 3.9 K contract, so rise in market was used by FII's to enter long and enter shorts  in  Index futures. Why Traders lose money  Part-I

 As discussed in Yesterday Analysis    Finally we closed below 8577 suggesting bears have the upperhand now, As we have GST bill getting passed in parliament today, so chances of gap up opening and if we open above 8577 its prudent to cut short and go long.  Again technical worked and gap up above 8577 got sold into , but with today's fall after event and recovery suggest strong buying at lower levels, also as seen in below ABCD pattern todays low was made near 78.6% retracement suggesting range of 7518-7500

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