Fiis today ....sold net 867 cr in cash ...while diis bought net 210 cr in cash
Fiis in f&o bought net 240 cr in index fut bought net 2706 cr in index options in which they bought net 13605 contracts long of index calls and bought net 41938 contracts longs of index puts means hedge buying but as index puts buying was three times higher than calls means bearish view
While fiis sold net 355 cr in stocks fut
SO today was again a day of fiis selling in cash deliveries while diis were small buyers
In f&o fiis were net buyers in index fut while selling in stocks fut though not heavy , while they did heavy net put buying indicates bearish view
Results market opened little higher on global cues did highs of 12065 nf but due to fiis selling we fell heavy to lows of 11931 nf to final end the day at 11949 nf down 98 nf points in day
NOW moving onward's as usual for opening it will be global cues to give opening tick
There after it will be back to local factors with fiis continuing there heavy net selling in cash and also buying heavy in index puts indicates upside to market is limited and broad nf range as per new triggers now shifts to 11850 nf -12050 nf