{LONGTERMINVESTORS} Nifty trades around 7850 for 2 days ready for big move,EOD Analysis

• FII's bought 1.7 K contract of Index Future worth 103 cores ,37.5 K Long contract were liquidated by FII's and 55.6  K short contracts were liquidated by FII's. Net Open Interest decreased  by 93.1 K contract, so fall in market was used by FII's to exit both  long and shorts in  Index futures. Patience Is A Trader's Virtue
  

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,Any close below 7972 invalidate the move towards 8116/8250.Nifty trader

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Rgds,

Bramesh

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