Will 8840 play spoilsport for Bulls ?

• FII's bought 55.6 K contract of Index Future worth 1137 cores, 38.7 K Long contract were added  by FII's and 16.9 K  short contracts  were squared off by FII's. Net Open Interest increased  by 21.8 K contract ,so FII's added aggressive long  in Index Futures and squared off shorts in index futures.

Nifty did a follow up on breakout on Hourly chart, now is again near a big trendline resistance of 8830-8840 range, Nifty has 3 failed attempt in crossing this range, once crossed we can see another trending move on upside. Gann Box is also approaching the green line as shown in below chart, once crossed we..

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