- FIIs net long at 12.37%
- VIX at 11.97 (-1.07%)
- PCR at 1.28
- FIIs bought Rs.1580 cr in cash, Rs.237.20 cr in index futures and Rs.1182 cr in stock futures.
Nifty has immediate resistance at 26207.
If Nifty trades above 26035 in first 30 minutes, can buy for 26135–26207 with SL 25954.
Open Interest Position
A. FIIs bought 27 lots in index futures & covered 1191 shorts (+1218 lots)
B. DIIs bought 55 lots & created 275 short lots (-220 lots)
C. Retail booked profit in 6825 lots & covered 789 shorts (-6036 lots)
D. Pro bought 307 lots & covered 4731 shorts (+5038 lots)
Note
FIIs net long at 12.37%, PCR at 1.28, VIX at 11.97 — all data remains comfortable.
New longs are being added gradually in index futures over the last three days (+2742 lots) and FIIs have covered 1263 shorts (overall shorts still 48097 lots).
FIIs created major shorts from 26187–25750 — these shorts will be trapped if Nifty closes above 26180.
At current levels, 70% of shorts are already trapped.
Mark my words: If Nifty closes above 26200 on any day, we will see huge short covering taking Nifty to 26450–26550.
If the trade deal is announced, then 26998 remains my 1st target, which I mentioned when Nifty was 25350.
Intraday View
Scenario 1
Dips towards 25920–25900 will be a buying zone
SL 25856
Target 26043
Scenario 2
If Nifty trades above 26055
SL 25980
Target 26128–26207
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