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
Domestic consumption continues to drive robust growth, with strong performance expected across automotive, staples, and discretionary segments, Khandelwal said
The NSE F&O data shows that FIIs open interest in index futures has declined by over 14 per cent from its peak; amid net purchases of contracts worth ₹7,737.41 crore in the last 8 trading sessions.
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FIIs long-short ratio in index futures has barely moved from 0.09 to 0.11, implying presence of heavy short bets in the August F&O series.
FIIs are holding 10 short positions in index futures for every long trade; historically Nifty has witnessed a short-covering rally after the ratio dropped to such lows, shows F&O data.
Foreign investors net sold ₹14,452 crore, and ₹25,831 crore in stock & index futures, respectively in July; however, F&O rollovers hint at likely optimism going ahead.
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FIIs have been net sellers in index futures for 11 straight days. Their open positions in Nifty futures jumped by 47% thus far in July series, implying significant short build-up; suggests F&O data.
F&O turnover on the National Stock Exchange drops 21% on the first expiry of Nifty weekly contracts since Jane Street's ban, with index options turnover seeing a significant decline
Nifty Expiry Day: A breakout above the 25,300 level could result in swift short-covering and potentially drive the Nifty towards the 25,450 - 25,500 zone, said Dhupesh Dhameja of SAMCO Securities.
Long build up was seen in Eicher Motors Futures on Thursday, where the open interest rose by 2 per cent while the share price gained 1.86 per cent
Analyst at HDFC Securities have recommended a 'Bear Spread' Strategy on the Nifty MidCap index as it has broken down from the upward sloping trendline, suggesting a weak outlook
Nifty F&O outlook: Strong market breadth continues to support bullish momentum, with the technical setup suggesting potential for an extended move
The short term trend of the Bank Nifty is positive as it is placed above its 5,11 and 20 day EMA
Foreign Institutional Investors long-short ratio in index futures now stands at the lowest point in two months; implying the presence of 5 sell-side bets for every long position, shows NSE F&O data.
NSE F&O data shows that RVNL, Vodafone Idea and Uno Minda are witnessing long build-up of positions; while Aditya Birla Fashion is seeing short build-up.
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