Nifty has remained sideways in the month of August. The range high of 8750 has become a peak which the bulls despite their best efforts are unable to breach. Nifty inspite of opening at 8700 saw a selling of 100 points before a pullback rally was noticed yesterday. However, Nifty closed negative thirty points for the day. FII have been buyers in both cash and derivatives segment and this will support Nifty at 8550 levels. NSE Small Cap Index also took support of 5911. Buying was noticed from this pivotal level.Top 5 gainers for yesterday were Cipla, Adani Ports, Hindalco, BPCL and Ambuja Cements.Nifty Futures is expected to open at 8642 as per SGX Nifty at 8:35 am IST, which is 15 points below its previous close of 8657.