Nifty continue to hold gann trendline,EOD Analysis

• FII's sold 9 K contract of Index Future worth 551 cores ,2 K Long contract were liquidated by FII's and 6.9 K short contracts were added by FII's. Net Open Interest increased  by 4.9  K contract, so rise in market was used by FII's to exit long and enter shorts  in  Index futures. Avoiding Impulsive Trading

 As discussed last Analysis    Below 8951/8910 bears had upper hand as we have discussed before in our analysis, High made yesterday was 8939 nifty was not able to go above 8951 and broke 8910 also, suggesting bears have upperhand and we can see all the was till 8820/8760. 8756-8760 if and when it comes is very important level, if held nifty can again make one more attempt towards 9000. Bears did 8700 below 8910, Now we are near very crucial gann line support as shown in below chart, close below Monday low of 8700 can see quick fall till 8656-8580 range.

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