Nifty fails to hold 8800

Nifty at new 52 week high but fails to close above 8800.

In the cash segment Foreign institutional investors (FIIs) were net buyers to the tune of Rs 854 crores and Domestic institutional investors (DIIs) net buyers to the tune of  Rs 848 crores.

In FNO segment, FIIs bought 43,818 contracts of Index Futures and bought  18,072 contracts of Index calls.
They also sold 13,314  contracts of Index puts.
DIIs  are net short by 14,476 (+4,711) in Index Futures contracts.

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