FIIs are net short 1.00 L index futures contracts (25% long) and covered 37.0K today.
Clients are net long 83.8K — the opposite side to FII. DIIs are not aligned with FII.
- FII net short−30
- FII adding today+18
- DII net long+12
- Client net long−10
- Pro net short−5
- FII short covering: long OI −3.4K, short OI −40.4K.
- FII net sits at the 100th percentile of the last 20 sessions (+2.7σ) — a crowded, statistically extreme position.
- Over five sessions FII net changed by +1.40 L contracts.
- Client (+83.8K) is on the opposite side of FII (−1.00 L) — a divergence, which needs price confirmation to mean anything.
- Crowded: FII +2.7σ, Client −2.6σ, Pro −2.0σ versus the last 20 sessions.
Track whether the FII side keeps adding OI and whether price follows; a run of FII short covering would signal the divergence resolving.
