{LONGTERMINVESTORS} Nifty cracks below gann angle,EOD Analysis

• FII's bought 18.2 K contract of Index Future worth 1170 cores ,33.7 K Long contract were added by FII's and 15.5  K short contracts were added by FII's. Net Open Interest increased  by 49.2 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 Holding the range of 8039/8060 we can see sharp pullback towards 8210/8360. Fresh shorts should be done only below 7972 for a move towards 7900/7800. Nifty broke the range as soon as went below 7972 bears became active and pushed nifty towards 7900

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Rgds,

Bramesh

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