Nifty has been on free fall mode since July 24th. From levels of 6077, Nifty has come down to 5519.
Here’s the Nifty Chart: The fall has been one way
The Reason: FIIs are shorting Index futures pretty aggressively
Figures in Rs. Millions)
As you can see in the table above: FIIs have been quite relentless and aggressive in piling up shorts in last 15 days. It would be interesting to see when FIIs decide to cover these shorts because only that action may bring in some relief. Right now market appears to be going just one way.
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