Nifty snaps 3 day Gaining Spree

Nifty Snaps 3-Day Gaining spree to end in red. Bharti tanks 6%, Idea Down 11% and  Reliance falls 3%.

In the cash segment Foreign institutional investors (FIIs) were net sellers to the tune of Rs 302 crores and Domestic institutional investors (DIIs) net buyers to the tune of  Rs 308 crores.

In FNO segment, FIIs bought 6,053  contracts of Index Futures and bought  2,860 contracts of Index calls.
They also bot 7,323  contracts of Index puts.
DIIs  are net short by 16,885 (+2,409) in Index Futures contracts.

Nifty Put Call Ratio (PCR) data shows support at Support at 8700 and resistance at 8800