FIIs were net sellers in both cash market segment and in Index Futures. They sold equities to the tune of Rs. 146 crores. While in Index Futures they were net sellers of Rs. 287 crores with good amount of rise in open interest, indicating blend of short and long formation.
On Index Options front, FIIs sold worth Rs. 404 crores with some rise in open interest. In Call option, 8150- 8300 strikes added decent amount of OI. We believe it’s more of writing in these call strikes and now 8150-8200 may act as wall of resistance for Nifty. Some unwinding was also visible in 7900 and 8000 strike prices, which may be covering of short positions. While in Put option, OI addition was seen in 8000-8100 strikes; these are mostly longs. . Rollovers in Nifty and BankNifty are on the higher side at 35.59% and 23.21% respectively.
On Index Options front, FIIs sold worth Rs. 404 crores with some rise in open interest. In Call option, 8150- 8300 strikes added decent amount of OI. We believe it’s more of writing in these call strikes and now 8150-8200 may act as wall of resistance for Nifty. Some unwinding was also visible in 7900 and 8000 strike prices, which may be covering of short positions. While in Put option, OI addition was seen in 8000-8100 strikes; these are mostly longs. . Rollovers in Nifty and BankNifty are on the higher side at 35.59% and 23.21% respectively.
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