*FII DATA
as on 05/08/2021
(fig in crores) Cash Market
FII Net (719.88)
FII Buy 8746.60
FII Sell 9466.48
Advisory: India Vix : 12.87
FIIs were net sellers in the cash segment to the tune of Rs. 720 crores. In index futures front, they sold worth Rs. 365 crores with rise in open interest indicating short formation.
In F&O space, we saw decent build-up in both the indices and we believe majority of them are on long side. After being net buyers for two sessions, inline to recent trend FIIs turned net sellers in equities. They also added some bearish bets in index futures segment. Now lets see the development in index options front, we saw good amount of addition in 16300 call and put in the coming weekly series. This strike price also holds highest open interest concentration for both call and put. Thus, it would be interesting to see today’s price action. As far as levels are concerned, 16100-16200 is the immediate demand zone; whereas, on the higher side 16350-16400 shall be acting as hurdle.
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