Nifty held on to gann trendline, Will it Bounce, EOD Analysis

• FII's sold 6.1 K contract of Index Future worth 356 cores ,9 K Long contract were added by FII's and 15.2 K short contracts were added by FII's. Net Open Interest increased  by 24.2 K contract, so fall in market was used by FII's to enter long and enter shorts  in  Index futures. 3 Mantra of Successful Trading

 As discussed last Analysis    8715 low made today and close below 8750 level, suggesting bears have upper hand now can push nifty towards 8675/8650 levels which is extended ABCD pattern target, As we are near gann angle so if we hold on to 8700 tomorrow we can see bounce back till 8787/8806/8832 levels. Close below 8700 can push index towards 8650/8577 levels, exciting expiry coming.  Nifty made low of 8690 but closed above 8700, suggesting bulls can see a move till 8787/8806 holding

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