Index Future profit booking by FII continues today as well and $NIFTY has closed just above the psychological level of 8700.
What looked like initial profit booking is turning out to be some fresh short creation by FIIs. FIIs have increased their Long in Index Futures by 9050 contracts and increased the Short Index futures by 15235 contracts. Net change in the outstanding Open Interest stands at -6185 contracts. FIIs are currently holding 305663 net long contracts in Index Futures.
The chart below shows the FII Index Futures Long and Short Positions Historical trend with Nifty future daily close and volume
We have noticed that Retail ( Clients ) act opposite to the FIIs most of the times. Today they added 4300 Long contracts in Index Futures and increased their Short Index Future by 1586 contracts. Net addition pans out to be 2714 contracts Index Future Longs
On the Index Options front, FIIs have added 2815 contracts in Index Call Long and added 11851 contracts in Index Call Short. The Net change in Index Call Open Interest is -9036 contracts and the net outstanding Open Interest stands at 63025 contracts.
Clients have added 29294 contracts Long Index Calls and 16237 contracts Short Index calls. The net change in open Interest for the day stands at +13057 contracts. The Net outstanding OI in Index Call contracts stands at -67046.
Below chart represents FII Index Call Open Interest shift with volumes
In Index Puts, FIIs have increased their longs by 10419 contracts and covered 18763 contracts in their Put shorts.Net change in Open Interest for the day stands at +29182. Their Net Outstanding Open Interest in Index puts has reached a massive 374509 contracts which can also be a hedge till they hold on to their positive inventory in Index Futures.
Clients have reduced their long Index Puts by 9415 contracts and added 9028 contracts short Index Puts. Net change for the day stands at -18443 contracts and their Net outstanding Open Interest stands at -276503 contracts.
The chart below shows the FII Index Put Open interest changes with volumes
You can have look at the chart below to see the participant wise Cumulative Open Interest in Index Futures and Options.
The chart below shows the participant wise ownership of Index Futures
As the September Derivative contract expiry nears we will keep a watch on the rollover statistics to track the Inventory that the participants carry forward into the October expiry series.