F&O Strategies

The pace at which FIIs have added short bets in index futures accelerated in the last three trading sessions, says Dharmesh Bhatt, Head-Derivatives Research at Systematix Institutional Research.

According to the NSE F&O data, FIIs have net sold index futures worth ₹10,397 crore thus far in the September series; Nifty OI now at 2-month high. Tech analysts flag key support levels on Nifty.

Market analysts expect volatility to rise on either side of the market in September based on the F&O and historical market data.

The Nifty August expiry delivered the most constructive positioning setup in four months, with improving rollover, rising carry and broader sectoral leadership, says Systematix in its F&O report.

Long build-up was seen in Canara Bank futures, with open interest rising alongside a 0.7 per cent increase in price.

FIIs' long-to-short ratio in the Index futures is placed at an oversold level of 0.10, suggesting a higher possibility of short covering from their side in the days to come.

Nandish Shah, senior technical/ derivative analyst at HDFC Securities reckons that MidCap Nifty and Bajaj Finance have seen long build-up, and are favourably placed on the charts.

Nandish Shah of HDFC Securities recommends a 'Bull Spread' strategy on MidCap Nifty and PNB Housing Finance as the analyst notes a positive bias, and build-up of long positions at these counters.

Here's why Nandish Shah technical research analyst of HDFC Securities recommends a 'Bull Spread' strategy on Nifty and Shriram Finance.

Nandish Shah of HDFC Securities has shared a Bear Spread strategy on Bank Nifty, and Torrent Pharma

Nandish Shah of HDFC Securities has shared Bull Spread' on strategy on Bank Nifty and Bharat Dynamics

Nandish Shah of HDFC Securities has shared Bull Spread' on strategy on Midcap Nifty and Sun Pharma

The futures & options market positioning reflects heavy short build-up, creating conditions for sharp but temporary short-covering rallies, says Systematix Institutional Equities.

Nandish Shah of HDFC Securities suggests Oil and Natural Gas Corporation (ONGC) bull call spread for March 30 expiry. Check cost, max profit, breakeven, margin, and technical rationale here

Nandish Shah of HDFC Securities suggests Bajaj Finance bull call spread for 24 Feb expiry. Check cost, max profit, breakeven, margin, and technical rationale

F&O stocks Indian Bank, SAIL, Uno Minda, TCS, KEI Industries, Wipro, Patanjali Foods, Oil India, RVNL and Naukri have witnessed high rollovers, states the Axis Securities report.

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Despite Monday's sharp recovery, FIIs were net sellers of ₹1,228 crore in index futures yesterday. Here are the key highlights from the derivatives data.

The derivatives data reflects at a cautious and guarded market stance, with Call writers at slight advantage, explains Dhupesh Dhameja, Derivatives Research Analyst, SAMCO Securities.

FIIs long to short ratio in the Index Futures stands at an oversold level, suggesting a higher possibility of a short covering, HDFC Securities' Nandish Shah said