---

*FII DATA

as on 06/07/2020

(fig in crores) Cash Market

FII Net 348.35

FII Buy 4111.43

FII Sell 3763.08

Advisory: India Vix : 25.20

FIIs were net buyers in the cash market segment to the tune of Rs. 348 crores. In index futures, they bought worth 704 crores with increase in open interest indicating long formations and some short covering in yesterday’s upmove.

In yesterday's session, Nifty witnessed formation of long positions whereas open interest decline was seen in the Bank Nifty, indicating unwinding of positions. FII's were net buyers in the cash segment as well as the index futures segment and their 'Long Short Ratio' now stands around 56 percent. In options segment, unwinding was seen in 10600-10700 call options post the gap up opening, whereas 10700 & 10600 put options added fresh open interest. Thus, for the next few sessions, 10700-10600 will be seen as important support whereas index could approach the level of 11000.