Nifty Gann Angles Analysis

• FII's bought 6 K contract of Index Future worth 364 cores ,11.6 K Long contract were added by FII's and 5.6  K short contracts were added by FII's. Net Open Interest increased  by 17.2  K contract, so rise in market was used by FII's to enter long and enter  shorts  in  Index futures. Not able to pull the trigger in Trading

•  As discussed in Yesterday Analysis   Bulls above 8723 can see move till 8851/8900.  Nifty made high of 8813 before seeing profit booking. As seen in the below gann angle chart Bulls needs to hold 8723-8751 range for a move towards 8951-8976 zone. Bears will get active below 8650 only.  Bank Nifty Gann Angles Analysis

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