Nifty forms Gravestone Doji after rallying 281 points,EOD Analysis

• FII's bought 10.1 K contract of Index Future worth 615 cores ,10.7 K Long contract were added by FII's and 0.5  K short contracts were added by FII's. Net Open Interest increased  by 11.3 K contract, so rise in market was used by FII's to enter long and enter shorts  in  Index futures. Why Traders are unable to Follow Your Trading Plan

As discussed in last analysis  Gann Analysis again helped us in capturing the short term bottom at 7916 and  big rally above 8010 for a move towards 8060 and 8130, High made was 8122.  Low made today was 8066 near the previous resistance zone of 8060,  Now Bulls need a move above 8177 for next move towards 8257/8338. High made today was 8197 but were unable to close above 8177

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