Nifty completes time correction,EOD Analysis

• FII's bought 58.2 K contract of Index Future worth 3343 cores ,69.9 K Long contract were added by FII's and 11.7 K short contracts were added by FII's. Net Open Interest increased  by 81.7 K contract, so rise in market was used by FII's to enter long and enter shorts  in  Index futures.Trading Psychology Quotes that can Improve your trading
  

As discussed in last analysis  Nifty made low of 7716 just tad below 7720 and quickly recovered but still unable to close above 7777, expect impulsive move in next 2 trading session.Break of 7777 can see move above 7834/7860.  As per classical

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