Nifty ends Aug month with 6.6% cut, FII FnO Data Analysis

• FII's bought 22 K contract of Index Future worth 538 cores ,28.7 K Long contract were added  by FII's and 6.5 K  short contracts  were added by FII's. Net Open Interest increased  by 35.2  K contract, so today's fall in market was used by FII's to enter long in NF  and enter  shorts in BN futures  .Trading Mantra for New Traders

We have been discussing in previous analysis 7948-7961 is important zone of support below that we can see market moving to sub 7800 zone. Low formed today was 7947 and nifty saw recovery from 7947. Nifty has formed lower high and lower low formation and after big fall is showing sign of consolidation.

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