Nifty forms inside day pattern,FII FnO Data Analysis for July Expiry

• FII's sold 63.3 K contract of Index Future worth 1391 cores ,39.4 K Long contract were liquidated by FII's and 23.6 K  short contracts  were added by FII's. Net Open Interest decreased  by 15  K contract, so today's rise was used by FII's to enter  shorts and exit  longs in index futures.Why do smart traders do dumb things?

Nifty formed inside day pattern today suggesting pause in current trend. Bullish only on close above 8398, Break of 8300 can see quick move towards 8200/8150 in extreme short

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