One word to describe the FII activity of the last two sessions- Bullish.
At swing highs and down to 70 points from the ATH, there has been a lot of commentary by retail on why the current setup is bearish and a move down on the anvil.
This next chart of the positions held in Index Futures at the close of the session today in shorts speaks volumes
The FII position in Index shorts is only 17% in the total short interest Built In.
The retail holds 57.3 %.
FII’s created Long Index Futures, short Puts and long calls for the second day running today
Still early days in the series but the past two sessions have seen 47671 Index Futures Longs created.
What’s surprised me this time is the short Put addition this series and the fact that the short puts added for March outnumber the long puts so far.
Also Long in Stock futures all the days of the series so far.
Like I said in the beginning, just one word to describe FII’s so far this series – Bullish.