CNX NIFTY- FII FnO Data Analysis

• FIIs sold  16961 Index Future worth 484 cores with net Open Interest increasing by 37397 contracts,FII have initiated  fresh shorts in index futures with nifty trading below  200 DMA, 3 day in row and rupee hovering near all time low.

Nifty is approaching near an important upward rising trendline at 5640. Holding the same the decline of past 5 days can halt and we can see a reversal also. Nifty has closed below its 200 DMA ..

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