Nifty breaks 50 SMA, FII Data Analysis

• FII's sold 72009 contract of Index Future worth 2720 cores, 44.4  K Long contract were squared off and 27.5  K short contracts were added by FII's. Net Open Interest decreased  by 16.9  K contract.FII's went into panic mode today after a big gap down and squared off Huge Long Position in Index Futures which were getting rollovered from March Series. This Kind of single day selling was seen way back in 2010 so looks quiet scary.The surprising thing is that NF range today was just 58 points and we saw no major decline in Nifty after gap down suggesting FII's were able to exit there long position without creating any major panic in market.

Nifty closed below its 50 DMA, after big gap down today, Here is the interesting part Last time NS broke its 50 SMA was on..

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