market segment

 Friday, FIIs were net buyer in both cash market segment and in Index Futures. They bought equities to the tune of Rs. 643 crores and Index Futures of Rs. 470 with good amount of rise in OI, suggesting mix of long and short formation in last trading session.

 In Index Options front, they bought significantly of Rs. 2858 crores with some fall in OI. In call options, we hardly witness any fresh OI build-up, meaningful unwinding was seen in the range of 7800-8300 call options. While in put options, 7900 & 8000 strike added decent OI, followed by unwinding in out the money put strikes. Maximum OI is seen in 8200 call and 7500 put options.

 Surprisingly, we saw buying figure in cash and Index Futures in last trading session. In Index futures mixed positions were formed, while in options, we saw FIIs covering their shorts formed in call options. Fresh put buying was also visible. We suggest avoid forming longs in Nifty till we see continuation of meaningful buying.