*FII DATA as on 29/11/2022 (fig in crores) Cash Market FII Ne | Stockpro Online

*FII DATA
as on 29/11/2022
(fig in crores) Cash Market
FII Net 1,241.57
FII Buy 6,600.32
FII Sell 5,358.75

India Vix : 13.61

FIIs were net buyers in the cash market segment to the tune of Rs. 1241 crores. Simultaneously, in Index futures, they bought worth Rs. 340 crores with an increase in open interest, indicating long addition. Looking at the overall F&O data, we have witnessed a long addition in both indices. On the options front, the huge concentration of OI is visible in the 18500 put strike, followed by 18400 PE, indicating nearby support. On the higher end, the piling up of positions could be seen at 18700-18800 call strikes, suggesting the intermediate resistance for the index. Also, the stronger hands have remained steady with their bullish bets as the ‘Long Short Ratio’ remained unchanged at 73%. Considering the recent price action, the undertone is likely to remain upbeat, and any intraday dip could be seen as an opportunity to add longs in the index.