FII DATA

• August 9, 2021
• By Dipankar Sardar
• 143 Views 245 comments

*FII DATA
as on 06/08/2021
(fig in crores) Cash Market
FII Net (69.37)
FII Buy 6511.05
FII Sell 6580.42

Advisory: India Vix : 12.61

FIIs were marginal sellers in the cash segment. In index futures front, they sold worth Rs. 589 crores with rise in open interest indicating short formation.
Now let’s take a look on F&O action for the week, we saw open interest addition of nearly 33% in Nifty and considering the price action it clearly hints strong buying after quite some time. The banking index mainly rallied due to short covering. In options front, smart writing was seen in puts till Wednesday but next two sessions call writers took the charge by shorting 16300-16400 strikes. We also witnessed put writers of 16300 exiting their positions on Friday. At current juncture, 16100-16200 is the immediate demand zone; whereas, resistance is placed around 16400-16500 now.