- FIIs net long at 12.37%
- VIX at 11.97 (-1.07%)
- PCR at 1.28
- FIIs bought 1580 cr in cash, 237.20 cr in index futures, and 1182 cr in stock futures.
• Nifty immediate resistance at 26207.
• If Nifty trades above 26035 in the first 30 mins, one can buy for 26135–26207 with SL 25954.
Open Interest Position
A. FIIs bought 27 lots in index futures & covered 1191 lots of shorts (+1218 lots)
B. DIIs bought 55 lots & created 275 short lots (-220 lots)
C. Retail booked profits in 6825 lots & covered 789 shorts (-6036 lots)
D. Pro bought 307 lots & covered 4731 shorts (+5038 lots)
Note
FIIs net long position is at 12.37%, PCR at 1.28, and VIX at 11.97 — all at comfortable levels.
Data suggests new longs are getting added in index futures over the last three days, although in small quantities (total 2742 lots), and shorts of 1263 lots have been covered.
Overall, FIIs still hold 48097 short lots.
FIIs created shorts between 26170–25750 zones. If Nifty closes above 26180, most of these shorts will be trapped. At current levels, nearly 70% of shorts are already trapped.
Mark my words — if Nifty closes above 26200 on any given day, we may see huge short covering towards 26450–26550.
If the trade deal is finalised, 26998 remains my first target, which was mentioned when Nifty was at 25350.
Intraday View
Scenario 1
• Buy on dips around 25920–25900
• SL 25856
• Target 26043
Scenario 2
• If Nifty trades above 26055
• SL 25980
• Target 26128–26207
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