The Nifty Index Futures settled 1.04% lower at 24,120 on Friday with an open interest addition of 11,518 contracts, indicating a short buildup.
The benchmark NSE Nifty 50 has moved 1.9% in the April contract since last expiry. Open Interest position has declined by 12.53% during the same period in Futures and across F&O by 13.03%.
The Nifty April Futures is trading at a premium of 80.65 points. The Nifty current Open Interest value is Rs 29,831 crore.
The Nifty Options saw maximum activity at 23,500 Put and 24,500 Call. The Nifty Option open interest distribution suggests a trading range between 23,500 and 24,500. The Nifty Open Interest Put Call Ratio is at 1.25.
The Nifty Bank Index Futures settled 1.18% lower at 54,671 with an Open Interest reduction of 3,237 contracts, indicating long unwinding.
The Nifty Bank Futures has risen by 5.99% since last expiry. Open Interest has fallen by 20.59% in Futures and across F&O by 58.83% since last expiry.
Nifty Bank April Futures is trading at a premium of 27 points. The current Open Interest value is Rs 13,688 crore.
FII Activity
Foreign institutional investors net added a short position worth Rs 78 crore in Nifty Futures, taking the total open interest of the FIIs in Nifty Futures to Rs 12,861 crore compared to the previous day's open interest of Rs 12,610 crore, suggesting the FPIs have taken fresh short positions.
The FIIs net added a short position worth Rs 1,277 crore in Nifty Bank Futures, taking the total open interest of FIIs in Nifty Bank Futures to Rs 6,051 crore compared to the previous day's open interest of Rs 5,994 crore, suggesting the addition of short positions.
The FII Index long position has fallen to 0.38 from 0.41. The long-short ratio has climbed to 0.6 and the FII open interest put-call ratio stood at 1.09 compared to 1.18 on the previous day.
The FIIs net buy was worth Rs 2,952.3 crore in the cash market, as per exchange provisional data.
Also Read: FPIs Stay Net Buyers For Eighth Session
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