Nifty bulls waiting for close above 8711,EOD Analysis

• FII's sold 0.8 K contract of Index Future worth 45 cores ,6.8 K Long contract were added by FII's and 5.9 K short contracts were added by FII's. Net Open Interest increased  by 12.7 K contract, so rise in market was used by FII's to enter long and enter shorts  in  Index futures. Are you suffering from "Need to Be In a Trade" Syndrome

 As discussed in Yesterday Analysis    Now Bulls need to close above the range of 8711 for next move towards 8779-8800-8851. Bears will get active on close below 8484 only. Nifty formed inside day candlestick today,suggesting impulsive move can be seen in next 2 trading session. Its been 18 days we have traded in range of 204 points 8517-8721, suggesting market is seeing

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