{LONGTERMINVESTORS} Nifty approaching final target of Butterfly pattern,EOD Analysis

• FII's bought 7.8 K contract of Index Future worth 394 cores ,27.6 K Long contract were added by FII's and 19.7 K short contracts were added by FII's. Net Open Interest increased  by 47.4 K contract, so rise in Nifty market was used by FII's to enter  long and  enter shorts in  Index futures.Which type of a trader are you?
  

As discussed in Last Analysis   Nifty did the exact low of 7583 near shark pattern target. Till we are closing above 7600 Nifty can bounce back to 7800, below 7550 we can see correction till 7360-7380. Nifty opened with gap up above 7600 continued with

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Rgds,

Bramesh

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