Nifty BUY trend continues, 8336 on the cards
FII continued their buying spree across all segments in the Indian markets after buying worth Rs.15747 Cr in Index Options, worth Rs.8474 Cr in Index Futures and worth Rs.1095 Cr in the cash segment in last 5 days.
Nifty the Indian benchmark index saw consolidation at 8200 levels after 7720 the low made on Tuesday 24th, the rally of more than 500 points in four trading sessions with the breakout of critical level of 8000 and the huge buying of FII and PRO buy in future and options which suggests that 8336 are in the cards to come.
The Asian markets continue their rally after trading in green today as well. The US markets were closed yesterday for Memorial Day, has also given a breakout of 2100 levels in future index. Non-farm payroll data which is one of the major data events is on Friday which would bring in further stimulus for the FED rate hike scheduled for the June 15 meeting. Traders would also keenly watch the developments around the BREXIT which is scheduled for the 23rd June. FII Index Future Open Interest for the Week FII Options Open Interest for the Week.
On 26th May FII & Pro combined had a total long position in Index Futures of 8489775 shares which is increased to 10808325 shares as on 30th May, i.e. a total buy of 622800 shares in last expiry. For current expiry net buy of 2318550 shares in Index.
Similarly, in Index options, FII and Pro combined have decreased their short positions from 11284425 shares to 3540450 shares, i.e. a total buy of 7743975 shares in current expiry.
The data indicates a clear buy bias in the markets by FIIs and Proprietary.
Today, FII have increased 1284375 shares long and increased 71175 shares short positions in Index Call option, net buy 1213200 shares today. In puts, FII have increased 1249200 shares long and increased short positions by 831375 shares, net PUT buy 417825 shares today.
Pro, have increased 294000 shares long and increased short position by 698400 shares, a net sell of 404400 shares in Index Call Option Today. In Puts, Pro has increased long position by 640875 shares and increased short position by 1807425 shares, a net sell of 748725 shares in Put today.
- 7th June RBI Policy
- 15th June US FED Interest rate decision
- June 16th to July 1 Monsoon Session
- 23rd June Brexit referendum
As on 30th May, for Current Expiry from 27th May FII have sold Rs. 835.54 crores worth shares along with DII who have sold shares worth Rs.142 crores in the cash segment.
Today, FII have bought equity worth 355.5 cr and DII sold worth 211 cr.
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