Likely it could become a trap which was visualized in real time trading session on 2nd Sep2016 in my previous update. I warned all my followers that -we shall look for a long position only above 8825. Nifty made session high@8824.10- Good enough to trap bulls.
Now, Immediate focus shall be downside with short term resistance@8825.
Regards,
Abhishek. H. Singh, CMT