Nifty slips below 8650

Nifty slips below 8650 as pharma, auto and IT stocks fall.

In the cash segment Foreign institutional investors (FIIs) were net sellers to the tune of Rs 301 crores and Domestic institutional investors (DIIs) net buyers to the tune of Rs 53 crores.

In FNO segment, FIIs sold 7,293  contracts of Index Futures and but bot 8,027 contracts of Index calls.
They also sold 8,208  contracts of Index puts.
DIIs  are net short by 20,486 (-38) in Index Futures contracts.

FII positions in Index puts and calls

Nifty Put Call Ratio (PCR) data shows support at Support at 8600 and resistance at 8700