Nifty close above 7972, EOD Analysis

• FII's bought 13.8 K contract of Index Future worth 843 cores ,26.6 K Long contract were added by FII's and 12.8  K short contracts were added by FII's. Net Open Interest increased  by 39.4 K contract, so rise in market was used by FII's to enter  long and  enter  shorts in  Index futures. Patience Is A Trader's Virtue
  

As discussed in last analysis   So we can trade between 7850-7972 range before taking next move. Till close is above gann number of 7850 bulls are in control  High made was 7991 and Low 7940 but closed above 7972, Bulls finally close above  7972 also gann resistance

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