{LONGTERMINVESTORS} Will Nifty Bulls invalidate the ABCD pattern,EOD Analysis

• FII's sold 2.2 K contract of Index Future worth 159 cores ,1.6 K Long contract were liquidated by FII's and 0.06 K short contracts were added by FII's. Net Open Interest decreased  by 0.09  K contract, so rise in market was used by FII's to exit  long and enter  shorts  in  Index futures.Mindset Shifts for successful trading
  

 As discussed in Yesterday Analysis  8210-8241 is crucial as its a supply zone and also PRZ zone of ABCD pattern, Unable to close above it we can see down move till 8075/8100. High made today was 8229, Bulls needs a close above 8210-8241 range for next move towards 8336/8400 else correction till 8075/8000. ABCD pattern will get invalidated on close above 8242. Weekly closing

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Rgds,

Bramesh

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