FIIs were net sellers in index futures on Thursday - Aditya Birla Money

In Index Futures FIIs were Net Sellers to the tune of Rs.503Cr with an open interest increase of around Rs. 5189 Cr as compared to net sellers to the tune of Rs. 1336 Cr with an open interest increase of around Rs. 457 Cr as of the previous trading week: Indicating Short Build Up in Index Futures by FIIs.

Nifty Futures open interest saw a increase of around 25% and Nifty Futures saw an increase of around 0.8%: Indicating Long Buildup in NIFTY Futures.

India VIX saw an decrease of around 2.06% Indicating positiveness for the market.

The PCR for Nifty based on open interest went up to 0.84 as compared to 0.82: Indicating positiveness for the market. High put option open interest build up of around 5.9 mn and 6.3 mn is seen at 5800 and 5700 strikes respectively: Indicating that they will act as strong supports.

High call option open interest build up of around 9.5 mn and 5.8 mn is seen at 5900 and 6000 strikes respectively: Indicating that they will act as strong resistances.

Nifty is trading at a premium of 32 points as compared to a premium of 17 points: Indicating positiveness for the market.

Source : Equity Bulls

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