I recently started observing FII OI data , along with my observations, which I am sharing below -
- FII became net buyers in index in last 3 days (above 8300) - raised eyebrows (why not at 8000 ?)
- The FII put accumulation is at one of the highest, - although puts are used for hedging, but as compared to previous expiries, such high OI is a matter of concern. I remember the March expiry, a day before which FII put OI was at 14L, out of which 4L was covered on expiry day (we saw a dive of over 200 points in Nifty).
- All the other data shown here, indicates longs by FIIs
Request all of you to share your views, and opinions
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since u have requested and have done sufficient journey to be a trader, so info or questioning for indian market
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1] have u defined FII ? - as normal fii ,u think is nothing but some office opened to show an address r actually indian money. Real FII comes through conversion of money in conversion after $(vehicle currency) without understanding doller yield its futile .
2] Reals r bought @ 8000-8100.
3] Its the hedgefund type with arbitrage low risk/low profit play-so very quick data/ change of hand possible by HFT.so put for hedging only not true in real trading world(that may be a multi-leg safe earn strategy)
btw ur decision : fii is long is RIGHT . (data interpretation is a difficult subject but is very simple outcome in stock speculation.
I] big profit
II] small profit
III] no profit/loss
IV] small loss
V] big loss- only remove this ,u r master of universe:clap: