{LONGTERMINVESTORS} Nifty breaks 8372 with a gap up,EOD Analysis

• FII's bought 17.4 K contract of Index Future worth 1126 cores ,19 K  Long contract were added by FII's and 1.6  K short contracts were added by FII's. Net Open Interest increased  by 20.7 K contract, so rise in market was used by FII's to enter long and enter shorts  in  Index futures. How Long Does It Take To Learn How To Trade?
  

 As discussed in Yesterday Analysis   Breakout only on close of 8372 for target of 8488/8548/8700.  Bears will get active only on close below 8100. Nifty on Friday closed below 8336/8372 suggesting bearish bias but today we had gap up above both levels suggesting the change in trend and this is what a trader should expertise changing colors as soon as market changes color. Bulls

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Rgds,

Bramesh

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