Fii Dii Data Analysis
FII DATA
as on 27/02/2024
(fig in crores) Cash Market
FII Net (1,509.16)
FII Buy 16,400.68
FII Sell 17,909.84
Advisory: India Vix : 15.72
FIIs were net sellers in the cash market segment to the tune of Rs. 1509 cr. Simultaneously, they bought worth Rs. 139 cr in Index futures with a slight increase in open interest, suggesting long addition. On the derivatives front, insignificant developments were seen in both the key indices. On the options front, the highest concentration of OI is seen at 22000 put strike, followed by 221000 PE, indicating a strong nearby support zone for the monthly expiry. On the higher end, scattered piling of OI is seen from 22200- 22500 call strikes, suggesting a series of resistance. FIIs added longs in index futures; the long-short ratio slightly advanced to 46% from 45%. Considering the data, our market is likely to hover within a confined range with bullish biases. We would advocate traders to have a pragmatic approach and avoid being aggressive for the time being.
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