Nifty continue to trade in range,EOD Analysis

• FII's sold 7.2 K contract of Index Future worth 456 cores ,7.6 K Long contract were added by FII's and 14.9 K short contracts were added by FII's. Net Open Interest increased  by 22.6 K contract, so fall in market was used by FII's to enter long and enter shorts  in  Index futures. Trading Psychology : Walking The Plank

 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.  Its been 21 days we have traded in range of 204 points 8517-8721, suggesting market is seeing time correction frustrating traders and hitting SL, traders who survive  this phase by applying risk and money management are rewarded handsomely in the next move . High made today was 8684 so bulls need

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