Nifty corrects from 7800, How to trade now ?

FII's sold 14.1 K contract of Index Future worth 550 cores, 6.1 K Long contract were squared off and 7.9 K short contracts were added  by FII's. Net Open Interest came up by 1.8K contract suggesting FII are again going short at higher level.

Nifty made a fresh life high today@7809 almost near to out target of 7800  Can Nifty form short term top around 7800 ?  , and tanked almost 200 points making low of 7596. The current downfall can see 2 target one we can..

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