FIIs bought Bank Nifty worth 174.20 cr and bought Nifty worth 183.22 cr.
- FIIs net long is at 9.4%.
- VIX is at 9.18 (-3.16%).
- PCR is at 1.12.
- FIIs sold 3268.60 cr in the cash segment and bought 344.30 cr in index futures.
DIIs bought 1525.90 cr. - Open Interest Position:
A. FIIs bought 1024 lots and covered shorts in 936 lots.
Note: FIIs net long has increased to 9.4% from 8.8%.
B. DIIs bought 660 lots.
C. Retail clients bought 2048 lots and created shorts in 1150 lots.
D. Pros covered 717 lots and created shorts in 2801 lots.
VIX has reduced further, and PCR is at a comfortable level.
As far as the option chain is concerned, 26000 holds the highest PE writers, and 26200 has the highest CE writers. The broad range will be 26230–26080–26050.
Any dips around 26050–26034 will be a buying zone, with a stop loss at 25975 and targets of 26115–26192.
On the upside, if 26230 is crossed, we may see Nifty move to 26290–26325, with a stop loss at 26180.
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