{LONGTERMINVESTORS} Nifty Bulls again protect 8577, EOD Analysis

• FII's sold 10.1 K contract of Index Future worth 631 cores ,7.3 K Long contract were added by FII's and 17.4  K short contracts were added by FII's. Net Open Interest increased  by 24.7  K contract, so rise in market was used by FII's to enter long and enter shorts  in  Index futures. Are you Addicted to 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 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

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Rgds,

Bramesh

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