TRADE SETUP Nifty set to test higher end of range after defen | Anuj Singhal CNBC Awaaz Managing Editor

TRADE SETUP
Nifty set to test higher end of range after defending lower end
Nifty hit a low of 15,513 on Wednesday, could test 15,900 today
Nifty has been in a broad range of 15,550-15,950 for 1 month
Big question: Will selling around 15,900 work again?
FIIs continue to sell big, net sell Rs 3,848 cr in cash markets
FIIs sold stocks worth Rs 23,000 cr in July, still market didn’t fall
Broader markets outperform, new all-time high for midcap Index