Nifty enters in Support zone, Will Bulls come back ?

• FII's bought 7.4 K contract of Index Future worth 215 cores,39.4 K Long contract were added by FII's and 32 K  short contracts  were added by FII's. Net Open Interest increased  by 71 K contract. Things You Should do Before Trading for A Living

Nifty reacted from the zone of resistance as shown in below chart, heading towards 20 SMA and Prices are heading towards the support zone of 8295-8356. Break below the same we can see deeper cut in market. As per Fibo Fans prices are again below 38.2 % retracement and unable to cross today's high we can see expiry

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