Nifty ready for Big move, FII Data Analysis

• FII's bought 13.5 K contract of Index Future worth 337 cores, 7.5 K Long contract were added by FII's and 5.9 K  short contracts  were squared off  by FII's. Net Open Interest increased  by 1.6 K contract.

Nifty formed  an inside bar pattern and continued with consolidation, Nifty made high of 8755, classical technical analysis at work with Budget day support becoming resistance now.  On Hourly charts trendline support @ 8684/8690 range as shown in below chart and below that 8645/8630 range. As per gann box till 2X1 line is not crossed nifty will remaining under selling pressure. Largest correction seen in the current bull market is 666..

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