- FIIs net long position at 17.18%
- PCR at 1.55
- VIX at 11.96 (-2.29%)
- FIIs bought 4778 cr in cash, 790.40 cr in index futures & 1778.70 cr in stock futures.
DIIs bought 6247.90 cr in cash.
(After adjusting the 7193 cr block deal, actual combined FII + DII buying is 3832 cr.) - Open Interest Position
A. FIIs added 3342 lots and covered 600 shorts
B. DIIs bought 223 lots
C. Retail bought 1709 lots and created 4529 shorts
D. Pro bought 3486 lots and created 4831 shorts
Note:
FIIs net long position rose to 17.18%, PCR at 1.55, and VIX cooled to 11.96 – all indicating a comfortable setup.
Retail + Pro have created net shorts of about 600 lots, likely due to nervousness as Nifty approaches its all-time high after multiple failed attempts in recent months.
Trading View
Buying Zone:
Any dips around 26054–26021 will be a buying opportunity.
SL: 25979
Targets: 26172 – 26288
Scenario 2:
If Nifty crosses 26310 and sustains for 15 minutes, strong short covering and fresh buying may push the index towards 26398 – 26430.
SL: 26228
We may see two-sided moves tomorrow as Nifty is once again approaching its all-time high. The key remains a sustained breakout above 26310, which will trigger follow-through buying.
We had clearly mentioned in our weekly index view (when Nifty was around 26068) that a correction was likely due to weekly RSI divergence and a 13% VIX spike. Nifty corrected till 25842 exactly as expected.
Later, we gave a buy call at 25850 for 26166–26244, which also played out perfectly.
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