{LONGTERMINVESTORS} Nifty rally above 7850,Will it close above 7972 ?

• FII's bought 16 K contract of Index Future worth 994 cores ,45 K Long contract were added by FII's and 28.9  K short contracts were added by FII's. Net Open Interest increased  by 73.9 K contract, so rise in market was used by FII's to enter  long and  enter  shorts in  Index futures. The Recency Effect - How it affects Trading
  

As discussed in last analysis   So we can trade between 7850-7972 range before taking next move. Till close is above gann number of 7850 bulls are in control  High made was 7974

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Rgds,

Bramesh

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