Macros:
- FIIs net long position stands at 13.45%
- VIX is at 11.15 (+1.27%)
- PCR is at 0.68
- FIIs sold Rs. 1,508 cr in cash, Rs. 1,651 cr in index futures, and Rs. 3,887 cr in stock futures — total net selling of Rs. 7,056 cr
- Open Interest Position:
A. FIIs: Bought 362 lots in index futures and created shorts worth 9,033 lots (net -8,671 lots)
B. DIIs: Booked profit in 3,181 lots and created shorts in 150 lots (net -3,331 lots)
C. Retail Clients: Created longs in 4,970 lots and shorts in 3,723 lots (net +1,247 lots)
Note:
FIIs’ net long position in the new expiry stands at 13.45%, relatively on the higher side compared to the past four months, giving them room to create fresh shorts. Overall, net shorts have been built in 12,906 lots, while 5,332 lots have been added on the long side.
We may witness further downside pressure tomorrow, with 25,012 likely to act as the immediate support zone for Nifty.
Any rise above 25,227 may trigger short-covering, pushing the index towards 25,345.
Contributed by
Ashok bhandari : INH000019549
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