Nifty heading towards new 52 week high,EOD Analysis

• FII's bought 7.7 K contract of Index Future worth 480cores ,10.9 K Long contract were added by FII's and 3.2 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. THE SHARK BAIT STORY

 As discussed in Yesterday Analysis  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 8518-8500 range is important now, Holding the same we can see move till 8752 levels in coming week.

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