FII DATA

• August 11, 2021
• By Dipankar Sardar
• 177 Views 245 comments

*FII DATA
as on 10/08/2021
(fig in crores) Cash Market
FII Net (178.51)
FII Buy 6674.19
FII Sell 6852.70

Advisory: India Vix : 12.70

FIIs were net sellers in the cash segment to the tune of Rs. 179 crores. In index futures front, they sold worth Rs. 288 crores with increase in open interest indicating short formations in yesterday’s session.
Our benchmark indices were doing quite well and it even surpassed the 16300 mark comfortably. But profit booking in the broader markets resulted in the index again sneaking below 16300. Although, long formation was seen in the Bank Nifty and thus it could play a pivotal role in directing the index move. FII’s were sellers in the cash segment and formed some shorts in index futures as well. In the options segment, 16200 put and 16300 call have a decent amount of open interest outstanding. Thus, 16200 is to be seen as immediate support while a close above 16300 and unwinding of positions in that strike is required to push the benchmark higher. Traders are advised to focus on the banking index as long formations were seen and it could show a relative outperformance in next couple of sessions.