{LONGTERMINVESTORS} Nifty holds on to Shark Pattern,EOD Analysis

• FII's bought 6.2 K contract of Index Future worth 322 cores ,3 K Long contract were added by FII's and 3.2 K short contracts were liquidated by FII's. Net Open Interest decreased  by 230 contract, so fall in market was used by FII's to enter long and  enter shorts in  Index futures.Trade Like a Chameleon
  

Nifty Shark pattern again came to rescue for bulls  as market again made a new low @7425 but still unable to close below 7503. Close below 7503 increases probability of Nifty going towards 7400/7118.Holding the same bounceback till 7610 and above that 7676. Bullish only on close

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Rgds,

Bramesh

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