*FII DATA
as on 19/11/2024
(fig in crores) Cash Market
FII Net (3,411.73)
FII Buy 15,255.09
FII Sell 18,666.82
Advisory: India Vix : 15.66
FIIs were net sellers in the cash market segment, as they sold stocks worth Rs. 3412 crore. In the Index futures segment, they bought worth Rs. 1984 crores with an decrease in OI, indicating covering of short positions. In the derivatives segment, we observed a reduction in open interest for both Nifty and Bank Nifty. On the options front, call writers have been shifting their positions towards the 23,700-23,800 strike prices, while the 23,500 and 23,000 put strikes continue to show significant accumulation of open positions, indicating support at these levels. Despite persistent selling pressure from stronger hands in the equity market, they turned net buyers in the index futures segment yesterday, leading to a slight improvement in the Long-Short Ratio, which rose from 24% to 26%. Given the recent market dynamics and Tuesday’s price action, volatility is expected to rise in the near term. Therefore, we advise caution and recommend avoiding aggressive positions on either side of the index.
as on 19/11/2024
(fig in crores) Cash Market
FII Net (3,411.73)
FII Buy 15,255.09
FII Sell 18,666.82
Advisory: India Vix : 15.66
FIIs were net sellers in the cash market segment, as they sold stocks worth Rs. 3412 crore. In the Index futures segment, they bought worth Rs. 1984 crores with an decrease in OI, indicating covering of short positions. In the derivatives segment, we observed a reduction in open interest for both Nifty and Bank Nifty. On the options front, call writers have been shifting their positions towards the 23,700-23,800 strike prices, while the 23,500 and 23,000 put strikes continue to show significant accumulation of open positions, indicating support at these levels. Despite persistent selling pressure from stronger hands in the equity market, they turned net buyers in the index futures segment yesterday, leading to a slight improvement in the Long-Short Ratio, which rose from 24% to 26%. Given the recent market dynamics and Tuesday’s price action, volatility is expected to rise in the near term. Therefore, we advise caution and recommend avoiding aggressive positions on either side of the index.