Nifty headed towards 200 DMA

1. FIIs sold 4502  Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 130 cores with net Open Interest decreasing by 28 contracts. Top Traders Trading Secrets
2. As CNX Nifty Future was down by 51 points, with Open Interest in Index Futures decreasing by 28 so FII started Booking profits in  shorts  in past few session.
3. NS closed at 5659 after  making high of 5758 and low of 5648, Nifty continued with its downward moves,and closed below 5700 for 2 day in a row. As mentioned yesterday Hourly charts are oversold and a bounce is expected Nifty which we saw today but it was short lived, and we saw the resumption of downtrend. Nifty has closed well below its previous low of 5664 and ..

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