re: Day trading Nifty & Banknifty Futures
Please note that FII sold Stock Futures worth Rs 3000 crores on the Expiry Date ! What does that means ? 
Does it indicate that the FII did not wait for their stock future holdings to expire at the settlement price on the expiry date. Instead they were in a hurry to book the profits and therefor sold "covered up" their stock future positions before the closing bell on the expiry date ? Is this interpretation correct, or am I missing something. Please suggest.
Thanks a lot
Yes, huge buying by FII today.
Although the trading volume overall was very low "maybe it is because yesterday was expiry, so the market had huge volume yesterday."
And overall the OI has gone up slightly today.
Although the trading volume overall was very low "maybe it is because yesterday was expiry, so the market had huge volume yesterday."
And overall the OI has gone up slightly today.
Does it indicate that the FII did not wait for their stock future holdings to expire at the settlement price on the expiry date. Instead they were in a hurry to book the profits and therefor sold "covered up" their stock future positions before the closing bell on the expiry date ? Is this interpretation correct, or am I missing something. Please suggest.
Thanks a lot
