Nifty continues with its time correction,EOD Analysis

• FII's sold 1.2 K contract of Index Future worth 106 cores ,2.7 K Long contract were added by FII's and 4 K short contracts were added by FII's. Net Open Interest increased  by 6.8 K contract, so fall in market was used by FII's to exit 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. High made today was 8682 so bulls need to wait for break of 8711-8723 range for further upmove. Bears will get active below 8484. Its been 17 days we have traded in range of 204 points 8517-8721

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