A look at the futures Open Interest (OI) data indicates a build-up of long positions in Nifty futures, with India VIX falling by 4.79% to 13.75, said Ashwin Ramani, Derivatives & Technical Analyst, SAMCO Securities emphasising that this gives major comfort to the bulls. Despite a 1.41% fall in Nifty in December, the long-short ratio jumped to 65.22% from 62.31% on December 19, as the Foreign Portfolio Investors (FPIs) increased their long exposure in Index futures, Ramani said.
| Subscribe To Our Free Newsletter |
