FIIs bought Rs. 2106.3 cr worth of Nifty and Rs. 207 cr worth of Bank Nifty.
- FIIs net long position is at 11.41%.
- PCR is at 1.66.
- VIX is at 9.85.
- FIIs bought 289.80 cr in cash and 2358.70 cr in index futures.
DIIs bought 677.40 cr in cash. - Open Interest Position:
A. FIIs added 2538 lots and covered 11142 lots on the short side.
B. DIIs added 4703 lots and created shorts in 1858 lots.
C. Retail clients covered 4363 lots on the long side and created shorts in 7999 lots.
D. Pros booked profit in 416 lots and created shorts in 3474 lots.
Note: FIIs net long position stands at 11.41%, jumping from 8.8% on Friday. PCR is on the higher side at 1.66, and VIX has risen slightly from the all-time low on Friday to 9.85 (as mentioned earlier, VIX and the market may move up together).
A higher PCR may move even higher on a rise of 110–130 points in Nifty, i.e., in the 26440–26470 range. PCR may reach 1.80–1.90, which is a highly overbought zone, and we may see a dip of 100–130 points from higher levels.
We may see a gap-up opening of 50–70 points tomorrow.
- Any rise towards 26450–24497 will be an overbought zone, and PCR will move into a highly overbought zone. One can go short in two tranches: first around 26450 and second around 265490, with a stop loss at 26531 and targets of 26365–26306.
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