F&O – Open Interest Report for 20th June 2016

As expected, Nifty futures opened lower at 8106 on account of Raghuram Rajan’s departure from RBI. The first 5 minutes volume of Nifty Futures was about 1.5 million that is 10% of the day’s volume of 15 million.

From the cash data, we could see that the net buy value of Domestic institutional investors (DIIs)  was 724.06 crores.

Foreign institutional investors (FIIs) used this up-move in Nifty to exit and made a net sell of 385 crores in cash segment.

FNO segment

FIIs used the rise to liquidate 5,196 contracts of Index futures longs and added a good 18,560 contracts of Index futures shorts.

In index calls FIIs bought 776 contracts of long calls but shorted 2,817 contracts.

In index puts FIIs were not so bearish. They exited long puts of 6,770 contracts and shorted 8,483 contracts of Index puts.

In short, FIIs are more bearish in Index futures and Index calls but not so bearish in Puts and they still hold a whopping 341k contracts of Puts.

PCR (put call ratio) of 8200 strike  has crossed 1 and now 8200 will act as a support and 8300 will act as a resistance.