On that FII selling tweet, I posted earlier, they started selling aggressively in Oct and it was a foregone conclusion that they would keep selling into March as the hike kicks in.
It's all to do with the adjustment in books.
They have managed through long stock futures also.
My view is that we are approaching a selling climax for Fii's now based on the little I know of how these desks operate
I wont be surprised to see a positive FII CASH number in the second half of this month
For those posting FII 1 billion $ sell figure etc, please note that for them to sell 1 billion there has to be buyers to pick the tab for a 1 billion buy also.
And between DII and Retail we have them.
Just SIP money coming in was 10000 CR in Dec and Nov
The faster you learn to read the data accurately and not rely on only a part of the data as most others do , the better you will become as traders
Data drives everything
Right interpretation of data gives you the right bias
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When i started off in #derivatives#trading, some 15 years back, the "default trade" taught to us was to trade in Futures or to BUY calls or BUY puts as the need arose.
These days the "default trade" is to SELL calls and SELL puts.
Thanks to a spurt in online education, you learn quickly to sell options at 09.25 am and at 12.30 pm and every time of the year.
No education is provided for things like VIX, directional volatility, IV smiles or even basic gamma math
And the numbers speak.
The option market today is 10 times the volume of the Futures market.
and this is just the weekly contract & on normal days of fri to wed.
On Thursday the Option volume market goes up 3X or 30 times the Futures Volumes , mostly writers closing positions
For the record, tweet was posted near 3.00 pm and a follow up was also done post close where I clearly mentioned there was no selling visible in the last 30 mins of the day
Still I get ungrateful and unhappy people on the timeline.
No one does more than me to give quality A grade actionable advise and yet there is no appreciation of the efforts I make for you