- FIIs’ net long stands at 15.22%
- VIX: 12.65 (-0.16%)
- PCR: 0.73
- FIIs sold ₹1,067 cr in cash, ₹2,023 cr in index futures, and ₹4,671 cr in stock futures — a directional selling of ₹7,761 cr.
DIIs bought ₹1,202.90 cr in the cash segment.
Open Interest Position:
A. FIIs added 1,272 lots in index futures and created shorts in 11,663 lots (Net: -10,391 lots)
B. DIIs booked profit in 194 lots and created shorts in 1,307 lots (Net: -1,501 lots)
C. Retail clients added 8,249 long lots and 1,164 short lots (Net: +9,413 lots)
D. Pro added 3,039 long lots and 560 short lots (Net: +2,479 lots)
Note: FIIs’ net long position has further reduced to 15.22% from 16.08%. In the last 8–10 days, it has dropped from 25.8% to 15.22%, almost an 11% fall. Overall, FIIs have created shorts in ~46,000 lots (approx. 34.5 lakh shares) in the past week, suggesting more downside ahead.
Data indicates that Nifty is in an oversold zone and any further dip will enter crucial support levels. The Fibonacci retracement from the last swing low of 24,641 to the recent high of 26,105 shows first support at 25,546 (38.2%). If this level fails to hold, Nifty may slip to 25,373 (50%). The 25,373–25,200 zone will be key for accumulation, as further dips could push FIIs’ net long into single digits and trigger short covering.
Reasons for the Hammering:
A. No clarity yet on the trade deal (likely after Bihar polls, with possible relief for the farming sector).
B. The China–US trade deal is progressing rapidly, posing challenges for India’s exports.
C. The Dollar Index has risen from 97 to nearly 100.
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