Nifty gets global jitters,FII Data Analysis

• FII's sold 29978  contract of Index Future worth 1145 cores, 24.1  K Long contract were squared off and 5.8 K short contracts were added by FII's. Net Open Interest decreased  by 18.2 K contract. With fall of 127 points FII's have added few shorts and mostly profit booking in existing long contracts.

As discussed yesterday EW analysis any break below 7650, Nifty can break down till 7581 , Low made today was 7593.NIfty is near an important support @ 50 DMA which if held can see bounceback till

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