Key Points
Foreign institutional investors (FIIs) adopted a bullish stance in single stock futures (SSF) in the March series which means that they remain heavily committed to long positions in SSFs in the April series which begins on Monday..
On the contrary, they significantly reduced their index short positions in the March series suggesting the upcoming series could see languishing movement in heavyweights, resulting in a range-bound Nifty...
For SSFs, FIIs added significant long positions as their net longs stood at 448,000 contracts versus 78,000 net long contracts at the start of the March series, a Nuvama analysis suggested..
Their net short positions in the index stood at 24,000 contracts versus 59,000 shorts contracts at the start of the March series...
Market-wide futures open interest at the start of the April series stands at Rs 3.82 lakh crore which Nuvama said was at historic highs as compared to Rs 3.77 lakh crore at the start of the March series..
