FII Activity

FII Activity

 FIIs were net sellers in both cash market segment and in Index Futures. They sold equities to the tune of Rs. 115 crores and Index Futures of Rs. 632 with significant fall in OI due to expiry.

 In Index Options, they bought in a big way of Rs. 3643 crores with fall OI. Being start of new series build-up is quite scattered. In call OI addition was seen in the range of 7800-8300 strikes and in put options was seen between 7400-7900 strikes. Maximum OI is seen in 8300 call and 7800 put options.

 Rollover in Nifty is on the lower side at 61.22% and of BankNifty is one the higher side at 67.37%. We believe it is more of short that got rolled in October series. BankNifty has strong resistance at 17200- 17300 while 8150-8200 is a major resistance for Nifty. We don’t expect major upside in this market