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F&O OUTLOOK

Nifty outlook

FIIs raised their longs bets in index future by 13.8%, while cutting shorts by 0.47%. Following expiry of the last weekly contract of the month, FIIs hold the highest OI in put longs and lowest in call shorts. In the broad market option spectrum, traders boosted long positions in both calls and puts in the monthly contract. With just a week to expire, this points to an expectation towards expansion in trading range. Calls were boosted the most at 15200 followed by 14700, while puts were boosted the most at 14600, followed by 14700 and 13500 in the monthly contract. In the Feb weekly, calls were short the most at 14800and5300, but the contract is yet to get enough activity to be a directional indicator. The Feb weekly puts found more interest than calls, and attracted mostly longs, with OI increasing the most at 14200 followed by 14700 and 14000. Traders thus are positioning towards a 5% move, with just a week to budget.

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