Nifty shows impulsive move,close above 8750, EOD Analysis

• FII's bought 6.2 K contract of Index Future worth 426 cores ,4.8 K Long contract were added by FII's and 1.3 K short contracts were added by FII's. Net Open Interest increased  by 3.4 K contract, so rise in market was used by FII's to enter long and exit  shorts  in  Index futures. EVERY SUCCESS STORY IS ALSO A STORY OF GREAT FAILURE

 As discussed last Analysis   Holding 8700 can lead to price and time square as per gann which can lead to fast rise. 8700 should be watched closely for the coming 3 days.  Bulls need close above 8760 for target of 8809/8862. Bears will get active on close below 8700 for target of 8656/8580. We saw the impulsive move as per gann time square we have been discussing.

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