Nifty Technical outlook for 03 Sep

• FIIs sold 1065 contracts of Index Future (Entered long in fresh 1519 Contracts and  2584 fresh shorts were added) worth 18 cores with net Open Interest increasing by 4103 contracts. Today's rise also FII are entering shorts at higher levels but only in small quantity.

Nifty has taken support at last fibo fan support as discussed and continued with its pullback. Nifty has been finally to trade and close above its resistance of 5477 and 5511 in..

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