Nifty Technical structure for August Expiry

• FII's sold 3.4 K contract of Index Future worth 88 cores ,28.5 K Long contract were added  by FII's and 18.6 K  short contracts  were added  by FII's. Net Open Interest increased  by 85  K contract, so today's fall in market was used by FII's to enter long in Sep Series and enter  shorts in Aug Series index futures  .Improve Futures Trading Success

Nifty opened with gap down saw a swift recovery to fill the gap and than fall in end session.Nifty got resisted at 2x1 line of gann box as shown below and saw the decline.7930/7940 will act as important resistance going forward.Support as per gann box suggests

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