Nifty ready for momentum move,FII FnO Data Analysis

• FII's sold 21.9 K contract of Index Future worth 312 cores,6.9 K Long contract were added by  FII's and 15  K  short contracts  were added by FII's. Net Open Interest increased  by 8 K contract so today's consolidation was used by FII's to add majority shorts in Index Future. How Traders can Optimize Trading Mindset Part-II

• Nifty continue with its range contraction which is healthy for market  as we have 2 weeks of wild moves, range contraction also suggests breakout/breakdown of large magnitude is on cards in near future, which side we will cover in analysis going forwards. Gunner is still positive quadrant till holding above 1*1 gann line for bulls to get in momentum As we have been discussing the whole important  pyrapoint number of 8427 , Nifty still has not been able to close above it.  Range contraction in hourly charts with band of support and resistances are shown in below chart. Tomorrow is all important gann date so trade cautiously.
  

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