FII Activity

FII Activity

 FIIs continue selling in cash market segment; they sold to the tune of Rs. 1330 crores. In Index Futures they bought of Rs. 173 crores with rise in OI, suggesting fresh long formation in last trading session.

 In Index Options front, they bought of Rs. 1463 crores with some rise in OI. In call options, we hardly saw meaningful OI addition, good amount of unwinding was seen in 7800 call option. On the other hand in put options, huge build-up was seen in the range of 7600-7750 put options, followed by significant unwinding in the money put strikes 7800-8200 put options. Maximum OI is seen in 8000 call and 7600 put options.

 FII’s has been adding meaningful shorts in Index Futures in past few days and we believe they are forming these shorts in October series which suggests continuation of pain in market. We would stick to our view, that it’s a sell on rise market. Avoid forming fresh longs in Index.

 Roll-over in Nifty and BankNifty is 49.87% & 49.17% respectively.