FIIs were net sellers in index futures - Aditya Birla MOney

In Index Futures FIIs were net sellers to the tune of Rs. 456 Cr with an open interest increase of around Rs. 1082 Cr as compared to net selling to the tune of Rs. 2142 Cr with an open interest increase of around Rs. 726 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 17.71% and Nifty Futures saw a decrease of around 0.49%: Indicating SHORT BUILDUP in NIFTY Futures.

India VIX saw a increase of around .53%.

The PCR for Nifty based on open interest went down to 0.96 as compared to 0.98: Indicating negativeness for the market.

High put option open interest build up of around 6.9 mn and 6.5 mn is seen at 5900 and 5800 strikes respectively: Indicating that they will act as strong supports.

High call option open interest build up of around 7.3 mn and 8.2 mn is seen at 6000 and 6100 strikes respectively: Indicating that they will act as strong resistances.

Nifty is trading at a premium of 5 points as compared to a premium of 18 points: Indicating negativeness for the market.

Source : Equity Bulls

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