FII and DII Activity on 23rd February, 2021

FII stated selling in cash and in Index Future. DIIs have made 6571 shorts in Stock futures. Read more about Nifty levels, Bank nifty levels and charts

  • 23rd February, 2021
FII data

  • FII sold around 1569cr in cash Market. Huge selling after many days. And DII bought around 216cr
  • FII added net short in Index future and added around 199 longs and 1707 shorts in Index Future
  • FIIs are neutral on option side
  • Surprisingly DII have made heavy short position in Stock Futures and added 285 stock longs and 6571 stock short positions
  • Nifty Remains in range bound after 12pm and no sign of short-covering in 2nd half even after holding yesterday’s low. This is what we have warned on our Telegram channel. FIIs are not shorted in Market, so short-covering is not that simple

Nifty Chart

Nifty Chart

    Nifty Levels to watch:
  • Upside:14910 and Downside:14475-14225
    Bank Nifty Levels to watch:
  • Upside: 35700 and Downside:34260-32850

Conclusion: Nifty failed to reclaim 20DMA. FII started selling in cash market as well as in Index future. No sign of shortcovering even after holding yesterday’s low. Today’s high(14850) and Yesterday’s low (14650) is now range.

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