Nifty Hourly Charts form descending triangle FII FnO Data Analsysis

• FIIs sold  Index Future of 2 cores with net Open Interest decreasing by 2995 contracts,with the Rupee going in downward spiral FII have just stop the fund flow to India and the reason we are seeing nominal selling in Index Futures and consistent selling of 100+ cores in cash market. Fall In Rupee is a loss for FII's. Reason for Rupee slide against dollar

Nifty has closed below its both short and medium term moving average and have been consolidating in tight range before making an explosive move. 5921 is Weekly Trend Deciding level as Nifty..


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