FII Activity Yesterday :
Yesterday, FIIs were net buyers in both cash market segment and in Index Futures. They bought equities to the tune of Rs. 480 crores and Index Futures of Rs. 251 crores with rise in OI, suggesting good amount of fresh long formation in last trading session.
In Index Options front, FIIs bought of Rs. 468 crores with rise in OI. In call options, 8400-8500 strikes added decent build-up; we believe it’s more of writing. While in put options, huge OI addition was seen in 8000-8200 and 7700 strikes. Maximum OI is seen in 8300 call and 7800 put options. 8150-8200 is a major resistance for market; we suggest waiting and watching these levels before forming any fresh position in Nifty.
