{LONGTERMINVESTORS} Nifty Stuck in Gann Arc,EOD Analysis

• FII's bought 14 K contract of Index Future worth 803 cores ,15.5 K Long contract were added by FII's and 1.5 K short contracts were added by FII's. Net Open Interest increased  by 17 K contract, so DOJI formed today in Nifty market was used by FII's to enter majority  long and  enter shorts in  Index futures. Trade Psychology Rules to Follow
  

As discussed in last analysis   we need a close above 7512 for move towards 7556/7601. Support in range of 7360/7380 range. Do remember overbought market can remain overbought for prolonged period of time, Just market is overbought does not mean go and short it.  Nifty  made high of 7527 near supply zone of 7512 and also near the gann

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Rgds,

Bramesh

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