Nifty does Cypher Pattern Target bounces back,EOD Analysis

• FII's bought 4.1 K contract of Index Future worth 352 cores ,6.4 K Long contract were added by FII's and 2.2 K short contracts were added by FII's. Net Open Interest increased  by 8.6 K contract, so rise in market was used by FII's to enter long and enter  shorts  in  Index futures. A Person who won’t stand for something will fall for anything..

As discussed in last analysis   Nifty did a range breakdown as discussed in last analysis, and closed below 8370 opening the gates towards 8300/8250 range. Bullish only on close above 8460 only. Nifty did low of 8327 doing the target of cypher pattern  and bounced back

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