Nifty close above 8677,EOD Analysis

FII's bought 2.5 K contract of Index Future worth 156 cores ,5.6 K Long contract were added by FII's and 3.1 K short contracts were added by FII's. Net Open Interest increased  by 8.7 K contract, so fall in market was used by FII's to enter long and enter  shorts  in  Index futures. Why You Can't Cut Losses  As discussed in Yesterday Analysis   Bulls need to protect 8677 in any correction

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