Will Nifty end the Dull August Expiry on explosive note ?

• FII's sold 4.3 K contract of Index Future worth 254 cores ,3.5 K Long contract were added by FII's and 7.8 K short contracts were added by FII's. Net Open Interest increased  by 11.4  K contract, so rise in market was used by FII's to enter long and enter shorts  in  Index futures. Bitter Truth about Trading

 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 22 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 .Low made today was 8580 near our important gann level of 8577  which we have discussed many time in our past analysis and also formed hammer candlestick near gann trendline as shown below. High

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