Data Watch – 3/10/25

Data Watch

1. FIIs net long at 6.7% (highly oversold)
2. VIX at 10.28 (-7.14%)
3. FIIs sold Rs.1,605 crore in the cash segment, Rs.128 crore in index futures, and Rs.307 crore in stock futures
4. PCR: Weekly 1.24, Monthly 1.03
5. Open interest position of Institutions & Retail:

A. FIIs

• Added 1,944 contracts on the long side & 2,764 contracts on the short side (net -820 contracts)
• In stock futures, FIIs added 1,34,653 long contracts and 1,24,913 short contracts (net +9,740)

B. DIIs

• Added 1,226 contracts on the long side & 75 contracts on the short side (net +1,151 contracts)
• In stock futures, DIIs added 1,140 contracts (net +1,140)

C. Retail Clients

• Bought 375 long contracts & covered shorts in 6,764 contracts (net +7,139)
• In stock futures, retail clients added 18,763 long contracts & created 6,322 short contracts (net +12,441)

Note:
FIIs’ net long position stands at 6.7%, indicating a highly oversold zone. VIX declined by 7.14%, reflecting calmness in the market (VIX represents the Greed & Fear index). PCR levels are also comfortable.

Open interest positions suggest that despite the shorts created by FIIs, retail clients managed to outweigh them, while DIIs remain largely on the sidelines in both index and stock futures. Short covering is expected to continue, which could take Nifty to the 25,180–25,200 zone.

One key point: short covering typically happens at a much faster pace than fresh build-up, and profit booking also tends to occur more rapidly than new short positions. Data on Wednesday indicated both short covering as well as some fresh build-up.

Contributed by
Ashok bhandari : INH000019549