Nifty entering in Gann Resistance zone, EOD Analysis

• FII's sold 2.48 K contract of Index Future worth 159 cores ,1.6 K Long contract were liquidated by FII's and 0.8 K short contracts were added by FII's. Net Open Interest decreased  by 0.7 K contract, so rise in market was used by FII's to exit  long and enter shorts  in  Index futures. Where learning ends, beginning of practice happens and that is transformation !!

 As discussed last Analysis   Nifty made a low of 8555 forming double bottom and also protecting 8518 on Quarterly closing suggesting bulls have not give up yet. Till 8760 is not broken on upside bears have all chance of coming back and correct till 8444 levels, Signal of strength will come once we close above the gann angle line above 8656 a

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