Nifty near Murry Line Support, FII FnO Analysis

• FII's sold 26.9 K contract of Index Future worth 530 cores,19.8 K Long contract were squared off   by  FII's and 7.1 K  short contracts  were added by FII's. Net Open Interest decreased  by 12.6 K contract.Why FII's are worried about Minimum Alternative Tax (MAT)

 Nifty again formed a lower low @8273 which was near to last swing low of 8269 and also near its 200 DMA. Biggest Problem with our market is World Markets are trading at life highs but Indian market are trading at 1 Month low suggesting their is some intrinsic problem with Indian market showing so much under performance. Also we have taken 3 times support near the Murry Math Line so if 4 time 8269 gets broken which can see move..

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