Nifty time correction,119 points range in 8 days,EOD Analysis

• FII's bought 4.9 K contract of Index Future worth 332 cores ,8.4 K  Long contract were added by FII's and 2.1 K short contracts were added by FII's. Net Open Interest decreased  by 7.7 K contract, so fall in market was used by FII's to enter long and enter shorts  in  Index futures. When not to Trade

 As discussed in Yesterday Analysis   Bulls should protect 8490 else we can see a quick correction till 8410-8400. Bullish on close above 8577 for target of 8650, Expect impulsive move in next 2 trading sessions. High made was 8585 so bulls unable to break 8577 gann numbers  on closing basis but  bears  also unable to close below 8490, Low was 8503 , suggesting fight between bulls and bears for close below 8490 or above 8577.  Close above 8577 or below 8490 can see a move of 100 points.

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