Nifty holds 6200, FII Data analysis for 07-Nov

• FIIs sold 30336 contracts of Index Future (sold 16185 long contract and 14151 shorts were entered ) worth 933 cores with net Open Interest decreasing by 1726 contracts.Fall has been not swift but slow and steady decline in Intraday, suggesting traders are still bullish in market and using dips to Buy, but all intraday rallies are getting sold into as FII are using rise to exit longs and enter shorts.
  

Nifty continued with its correction for 2 day running and broke the crucial support of 6230-6235 and closed below it,Nifty had retraced 50% of the current rise from 6079

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