FII DATA
as on 14/09/2023
(fig in crores) Cash Market
FII Net 294.69
FII Buy 9,870.00
FII Sell 9,575.31
Advisory: India Vix : 11.31
FIIs were net buyers in the cash market segment to the tune of Rs. 295 cr. Simultaneously, in Index futures, they sold worth Rs. 185 cr with an increase in open interest, suggesting short addition. On the derivatives front, we witnessed a long addition in the benchmark index on the weekly expiry. On the options front, decent piling in OI is seen at 20100-20000 put strikes, indicating a nearby support base. On the flip side, call writers shifted position to 20200-20300 strikes, suggesting an encouraging development for the Bulls. The 'Long Short ratio' has slightly cooled to 65% from 66%. Considering the above data points, the undertone seems upbeat, wherein dips are expected to augur well for the bulls, and hence, it is advisable to take one step at a time.
