as on 07/08/2024
(fig in crores) Cash Market
FII Net (3,314.76)
FII Buy 14,094.77
FII Sell 17,409.53
Advisory: India Vix : 16.17
FIIs were net sellers in the cash market segment, as they sold stocks worth Rs. 3315 crore. In the Index futures segment, they sold worth Rs. 1032 crores, with a mere rise in OI, suggesting a mixed day of trade. In the derivatives segment, we observed short covering in the benchmark index, while . On the options front, a decent piling of OI is seen at 24300-24100 PE strikes, suggesting a gradual upshift in the support zone, followed by the highest concentration at 24000 strikes. On the flip side, 24500 CE withholds the highest OI concentration, suggesting stiff resistance for Nifty. The Long Short Ratio further corrected to 56% from 57%. Considering the respite in global markets and modest recovery on the derivatives front, it is anticipated to have further relief. Though, it is advisable to stay light on positions and avoid aggressive bets, until global uncertainty prevails.
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