Nifty OI spectrum of 11Feb weekly shows that traders are not outright bullish - Geojit Financial
F&O OUTLOOK
Nifty outlook
Nifty OI spectrum of 11Feb weekly shows that traders are not outright bullish, with the highest OI jump along calls seen as short build up along 15500 and 16000. Puts were boosted the most at 14000 and 14500, as shorts again. Meanwhile, following weekly expiry yesterday, FIIs hold the majority of index option positions as put longs and lowest as call shorts. Incidentally, they raised index future shorts by a whopping 345%, while cutting longs by 3%. This is a sharp turn in bearish bets, given the approach of 15000 mark in Nifty. The build-up today in the 11Feb weekly will give us confirmation of this bearish stance.
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