Nifty near make/break level of 8300, FII Data Analysis

• FII's bought 13 K contract of Index Future worth 210 cores, 23.7 K Long contract were added  by FII's and 10.6 K short contracts  were added by FII's. Net Open Interest increased  by 34.4 K contract ,so FII's added long in Index Futures and also added shorts in index future.

Nifty decline second day in a row another 100 points shaved off. Nifty is approaching two crucial levels EW target of 8300 and trendline support as shown in below 2 charts. If tomorrow 1 hour low is held nifty..

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