Nifty rallies 100 point above 8577,EOD Analysis

FII's sold 2.5 K contract of Index Future worth 173 cores ,5.2 K Long contract were liquidated by FII's and 2.7 K short contracts were liquidated by FII's. Net Open Interest increased  by 7.9 K contract, so rise in market was used by FII's to exit long and exit shorts  in  Index futures. WD Gann Trading Rules Part-II  As discussed in Yesterday Analysis   Bears failed to do follow up move

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