Nifty rallies 100 point above 8577,EOD Analysis

• FII's sold 2.5 K contract of Index Future worth 173 cores ,5.2 K Long contract were liquidated by FII's and 2.7 K short contracts were liquidated by FII's. Net Open Interest increased  by 7.9 K contract, so rise in market was used by FII's to exit long and exit shorts  in  Index futures. WD Gann Trading Rules Part-II

 As discussed in Yesterday Analysis   Bears failed to do follow up move below 8577 and bulls were able to close above 8577 suggesting nifty can see another upmove towards 8656/8752. We are near trend change as per horizontal line and as per time analysis expect an impulsive move tomorrow. Nifty made low of 8604 and rallied towards 8656, More than 100 points above 8577 gann level and also

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