Nifty near gann box support, Be ready for big move

• FII's bought 4.9 K contract of Index Future worth 196 cores, 9.2 K Long contract were squared off and 4.3 K short contracts  were squared off by FII's. Net Open Interest decreased  by 13.6 K contract , so FII squared off both long and short in index futures.

Nifty is trading in gann box angles in and is near an important support zone, closing above it today by holding 7784-7800 range we can see bounceback in nifty and unable to do so larger correction is on the way. 7784 is also 61.8% ratio so profit booking in shorts is..

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