The Futures Open Interest (OI) indicated a buildup of long positions in Nifty futures with the Long-Short Ratio standing at 59.99% on December 18 as the FPIs continued to increase their exposure to long in the index futures, Ashwin Ramani, Derivatives & Technical Analyst, SAMCO Securities said.
A significant uptick in futures open interest signifies a substantial growth in the number of active, unexpired futures contracts in a specific security.
A significant uptick in futures open interest signifies a substantial growth in the number of active, unexpired futures contracts in a specific security.