Nifty fails to go towards 9000, close below 8910, EOD Analysis

• FII's sold 6.1 K contract of Index Future worth 372 cores ,6.4 K Long contract were liquidated by FII's and 0.3 K short contracts were liquidated 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 exit shorts  in  Index futures. What separates amateur traders from the pros?

 As discussed last Analysis   Now 8951 will become the new 8577. Closing above it Nifty can move all the way towards 9045/9189/9334,Closing below it 8856/8716/8622 are the targets for the September series.  8910 will play very crucial role in next 2 trading session as break of that can see quick fall towards 8820 level and holding the same bulls will make one more attempt for a close above 8951 and move towards the sacrosanct level of 9000. Low made today was 8896 and nifty recovered to close just above 8951 level. Now Bulls will be able to materialize and close nifty above 9000 level

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