(fig in crores) Cash Market
FII Net (2,107.17)
FII Buy 14,502.44
FII Sell 16,609.61
Advisory: India Vix : 16.17
FIIs were net sellers in the cash market segment, as they sold stocks worth Rs. 2107 crore. In the Index futures segment, they sold worth Rs. 2421 crores, with an increase in OI, suggesting a short addition. In the derivatives segment, we observed fresh short additions in both key indices ahead of the expiry session. On the options front, 24000 PE withholds the highest OI concentration, suggesting an intermediate and strong support zone. On the flip side, significant piling in the nearby CE strikes of 24200-24300 indicating strong hurdle on the higher end for Nifty. The Long Short Ratio further slipped to 48% from 51%, amidst short additions by the stronger hands. Considering the recent developments, our market seems tentative and any decisive correction can lead to further plunge. It is advisable to refrain from aggressive bets as volatility is likely to rise on the weekly settlement session.
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