Nifty Bounces from 50 DMA, FII FnO Analysis

• FIIs sold 38239 Contracts of Index Future ,worth 1135 cores with net Open Interest decreasing by 26231 contracts, FII are still booking profit in positional longs, no shorts taken on positional basis. INR hits 57, Reason for Rupee Weakness

As we have been talking from past 2 trading sessions Nifty is near moving average support of 50 DMA and 100 DMA, so today it showed effect. Nifty opened gap down on bad global cues, Made a low of 5870 near

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