Nifty bulls hold on to 8490,ready for sharp move, EOD Analysis

• FII's bought 8.4 K contract of Index Future worth 552 cores ,9.1 K  Long contract were added by FII's and 0.6 K short contracts were added by FII's. Net Open Interest increased  by 9.7 K contract, so rise in market was used by FII's to enter long and enter shorts  in  Index futures. When not to Trade

 As discussed in Yesterday Analysis   Bulls should protect 8490 else we can see a quick correction till 8410-8400. Bullish on close above 8577 for target of 8650, Low made was 8476  so bears unable to break 8490 on closing basis but are also unable to close above 8577

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