Strange day with respect to market participants
FII's have unwound all their massive Index futures short position. I think they have also wound up from their Put options. So they start with a clean slate tomorrow which is fair enough..
The jokers in the pack are our DII/Clients/Pro.. they unwound all their longs and all of them shorted the index futures.. it was as if .. FII Vs Rest of world
Wonder where this is unfolding
Dear OT,
I strongly believe that there is a nexus between FII's and Pro's.
So it is the poor Retail clients who will loose their shirts end of the day.
The below data is based yesterday day trading volumes.
It is the poor retail who are short Nifty,Short call and long puts.
The Pro's are hedged with long in call and short put - see the over all hedge ratio.
Nifty Long/Short Call Put
Retail -23102 -55737 93043
FII' 45375 11853 -51982
Pro's -19665 43384 -41185
Based on OI clients are still long.