{LONGTERMINVESTORS} Nifty continue to trade below 8372,EOD Analysis

• FII's sold 3.8 K contract of Index Future worth 221 cores ,456  Long contract were added by FII's and 4.2  K short contracts were added by FII's. Net Open Interest decreased  by 6.6 K contract, so fall 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   Bulls need a close above 8336 and 8372 which is a very important gann number, Unable to close above 8372 we can see a fall towards 8210. High made today was 8353 but again closed below 8372 and 8336 suggesting the importance of 8372 and 8336. The range of 8336-8372 is very important both from gann perceptive and supply and demand concept.

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Rgds,

Bramesh

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