{LONGTERMINVESTORS} Nifty continue to hold gann support zone,EOD Analysis

• FII's sold 10.8 K contract of Index Future worth 597 cores ,355 Long contract were added by FII's and 11.2  K short contracts were added by FII's. Net Open Interest increased  by 11.5 K contract, so fall in market was used by FII's to enter long and enter shorts  in  Index futures. The Success Story Of Arnold Schwarzenegger
  

As discussed in last analysis Next 2 days are very important as bulls need to hold range of 8039-8060 on Weekly closing basis else we can see deeper cut in market towards 7700/7800. Fresh shorts should be done on close below 7972 only for move towards 7800/7750. Low made

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Rgds,

Bramesh

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