Fiis have sold 777 crores in cash today and sold Nifty futures of 1120 crores Approx. They have even bought puts to a larger extent. Data suggests Alert stance by Fiis. More bad sign us Fiis are using every bounce to exit their delivereis. Datas as of Now do not suggest any upside and may 8500 also will be taken out in a hurry. Their datas from 8950 are suggesting They are not sure of gst roll-out and they seem to be afraid of fed rate hike. Hedge Your longs definitely with puts. Be cautious. Datas are not worst but yes they are bad as of now.