📊 FII/DII Weekly Report — Sun, 7 Jun, 2026

FSR (Flow Strength Ratio): Range -1 to +1

Measures how one-sided FII's futures buying vs selling was across the full week — not the absolute size but the relative aggression.

Positive = FII bought more contracts than sold across the week (bullish flow)

Negative = FII sold more contracts than bought across the week (bearish flow)

Weekly FSR = computed from total week buy/sell contracts (all trading days of the week)

Strength: >=0.20 Strong | >=0.10 Moderate | >=0.03 Weak | <0.03 Neutral

Reliability: Nifty most reliable → BankNifty → MidCap Nifty → FinNifty and NiftyNext50 least reliable. Stock futures is a broad signal only.

OFR (OI Flow Ratio): Range -1 to +1

Measures how a participant's accumulated long and short positions shifted compared to the previous week's end — not how much they traded this week but how their total positioning changed week over week.

Positive = participant added longs or covered shorts vs last week (bullish positioning shift)

Negative = participant added shorts or unwound longs vs last week (bearish positioning shift)

Strength: >=0.30 Strong | >=0.15 Moderate | >=0.05 Weak | <0.05 Neutral

Caution: Futures OFR is especially misleading for FII because portfolio hedging inflates their futures positions. For DII, Client, and Pro, futures OFR is more likely directional but still less reliable than options Combined OFR. Always prefer options Combined OFR over futures OFR when they conflict.

Combined OFR: Range -1 to +1

Merges Call OFR and Put OFR into one unified options signal per participant. Shown for options rows only.

When Call and Put OFR agree — high confidence directional signal.

When Call and Put OFR conflict — dominant side wins but with reduced conviction. The conflict itself is meaningful.

Put OFR sign is automatically flipped so positive always means bullish — consistent with calls and futures.

Strength: >=0.30 Strong | >=0.15 Moderate | >=0.05 Weak | <0.05 Neutral

Signals:

Long Buildup = OI up + Net Buy → fresh longs added, bullish

Short Buildup = OI up + Net Sell → fresh shorts added, bearish

Short Covering = OI down + Net Buy → shorts being closed, bullish

Long Unwinding = OI down + Net Sell → longs being closed, bearish

Weekly signal = computed from weekly net contracts and weekly OI change

Conviction Score (S1+S2+S3): Range -3 to +3

Three independent FII signals combined — futures positioning shift, options positioning shift, and actual cash deployment. All computed on weekly basis.

S1 = Index Futures OFR (week over week) → >+0.05 bullish | <-0.05 bearish | else neutral

S2 = Index Options Combined OFR (week over week) → >+0.05 bullish | <-0.05 bearish | else neutral

S3 = FII Cash Net (week total) vs dynamic weekly threshold (75th pctile of past 1yr weekly flows)

+3 Strong Bullish | +2 Moderate Bullish | +1 Weak Bullish | 0 Neutral

-1 Weak Bearish | -2 Moderate Bearish | -3 Strong Bearish

Hedging Warning: fires when S1=S2 but S3 contradicts — FII using derivatives to hedge equity portfolio, not a directional bet.

Battle Table:

Positive net = net long (bullish) | Negative net = net short (bearish)

Neutral = less than 2% directional bias

Aligned = same direction as FII | Opposed = opposite to FII

★ = Dominant participant (largest absolute net position)

Weekly Battle Table = two snapshots shown — previous week's last session vs current week's last session.

Compare both tables to see how each participant shifted their net position week over week.

When Client Opposed to FII → historically FII tends to be correct at inflection points.

💰 CASH MARKET (Week Total: 01-Jun to 05-Jun-2026)

FII: Buy ₹76,793 Cr | Sell ₹107,907 Cr | Net -₹31,114 Cr ▼

DII: Buy ₹94,869 Cr | Sell ₹60,936 Cr | Net +₹33,933 Cr ▲

Combined Net: +₹2,819 Cr

📊 INSTRUMENT WISE FUTURES SIGNAL (Week: 01-Jun to 05-Jun-2026)

Note: Net Contracts = Week's total buy contracts - total sell contracts. Positive = FII bought more than sold. Negative = FII sold more than bought.

OI Change = Change in total open interest vs previous week's end. Positive = new contracts added (OI increased). Negative = contracts squared off (OI reduced).

FSR Strength (Weekly): >=0.20 Strong | >=0.10 Moderate | >=0.03 Weak | <0.03 Neutral

Signal = computed from weekly net contracts and weekly OI change.

Instrument Net Contracts OI Change FSR Strength Signal Price & Change

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INDEX -66,397 +54,865 -0.25 Strong Bearish Short Buildup —

NIFTY -63,261 +62,033 -0.32 Strong Bearish Short Buildup 23,366.70 -181.05 (-0.77%)

BANKNIFTY -2,394 -6,944 -0.04 Weak Bearish Long Unwinding 54,496.25 +257.05 (+0.47%)

FINNIFTY -209 +247 -0.41 Strong Bearish Short Buildup 25,056.80 -297.20 (-1.17%)

MIDCPNIFTY -521 -487 -0.11 Moderate Bearish Long Unwinding 14,107.50 -367.40 (-2.54%)

NIFTYNXT50 -12 +16 -0.08 Weak Bearish Short Buildup 70,191.95 -881.70 (-1.24%)

STOCK +54,766 -49,502 +0.02 Neutral Short Covering —

⚔️ BATTLE TABLE (Week Over Week)

PREVIOUS WEEK (29-May-2026)

Participant Long Short Net Direction vs FII

--------------------------------------------------------------

FII 31,724 233,033 -201,309 Short — ★

DII 73,902 36,223 +37,679 Long Opposed

Client 242,451 89,019 +153,432 Long Opposed

Pro 45,121 34,923 +10,198 Long Opposed

CURRENT WEEK (05-Jun-2026)

Participant Long Short Net Direction vs FII

--------------------------------------------------------------

FII 25,958 293,664 -267,706 Short — ★

DII 66,330 28,937 +37,393 Long Opposed

Client 286,458 78,010 +208,448 Long Opposed

Pro 62,649 40,784 +21,865 Long Opposed

👥 PARTICIPANT OI (Week Snapshot: 05-Jun-2026)

Note: All participant OI data is combined across all expiries — NSE F&O data only. Not expiry specific. Current month contracts are the most liquid — majority of activity happens there — data can be used accordingly.

Conviction Score is available for FII only. For DII, Client, and Pro — use options Combined OFR as their primary directional signal. Futures OFR is especially misleading for FII due to portfolio hedging — less so for DII, Client, and Pro who are more likely directional.

Note: Net OI = Long OI - Short OI. This is NOT daily buy/sell — it is the total accumulated position. Positive = longs are more than shorts. Negative = shorts are more than longs.

FII negative Net OI does not always mean FII is heavily bearish — FII may use index futures to hedge their equity portfolio. However if options Combined OFR also turns bearish simultaneously, it is genuine directional conviction, not hedging. Always cross-check with options Combined OFR and FII Conviction Score before concluding.

Participant Net OI OFR Strength

FII -2,67,706 -1.00 Strong Bearish

DII +37,393 -0.02 Neutral

Client +2,08,448 +1.00 Strong Bullish

Pro +21,865 +0.50 Strong Bullish

Note: Net OI = Long OI - Short OI. This is NOT daily buy/sell — it is the total accumulated position. Positive = longs are more than shorts. Negative = shorts are more than longs.

FII negative Net OI does not always mean FII is heavily bearish — FII may use stock futures to hedge individual stock positions. However if options Combined OFR also turns bearish simultaneously, it is genuine directional conviction. Always cross-check with options Combined OFR and FII Conviction Score before concluding.

Participant Net OI OFR Strength

FII +7,00,978 +1.00 Strong Bullish

DII -42,74,691 -0.60 Strong Bearish

Client +30,38,670 +0.83 Strong Bullish

Pro +5,35,043 +0.46 Strong Bullish

Note: Call Net OI = Call Long - Call Short. Positive = net long calls (bullish). Negative = net short calls (bearish).

Put Net OI = Put Long - Put Short. Positive = net long puts (bearish). Negative = net short puts (bullish).

Always prefer Combined OFR for options — it gives the complete directional picture.

Participant Call Net OI Call OFR Put Net OI Put OFR Combined OFR Combined Strength

FII -2,76,059 -0.07 +5,30,228 -0.34 -0.20 Moderate Bearish

DII +7,899 +1.00 +23,840 +1.00 +1.00 Strong Bullish

Client +87,131 -0.64 -8,11,403 +0.03 -0.61 Strong Bearish

Pro +1,81,028 +0.22 +2,57,336 +0.26 +0.24 Moderate Bullish

Note: Call Net OI = Call Long - Call Short. Positive = net long calls (bullish). Negative = net short calls (bearish).

Put Net OI = Put Long - Put Short. Positive = net long puts (bearish). Negative = net short puts (bullish).

Always prefer Combined OFR for options — it gives the complete directional picture.

Participant Call Net OI Call OFR Put Net OI Put OFR Combined OFR Combined Strength

FII -1,16,866 -0.24 +85,131 -0.34 -0.29 Moderate Bearish

DII -2,72,182 -1.00 +21,289 +0.99 -0.00 Neutral

Client +9,24,915 +0.45 -3,88,816 +0.30 +0.38 Strong Bullish

Pro -5,35,867 -0.36 +2,82,396 -0.10 -0.23 Moderate Bearish

🎯 CONVICTION SCORE (Weekly)

S1 Futures OFR : -1 (Bearish)

S2 Options OFR : -1 (Bearish)

S3 Cash Market : -1 (Threshold: ₹14,700 Cr)

Total : -3/3 → Strong Bearish

Hedging Warning : Not Active

Note: Conviction Score is FII only. For DII, Client, and Pro — use options Combined OFR as their primary directional signal. Futures OFR is especially misleading for FII due to portfolio hedging — for other participants it is more likely directional but options Combined OFR remains the stronger signal.

FII executed a sustained five-day distribution totaling ₹31,114 Cr in cash while building index futures shorts with strong bearish FSR of -0.25, creating a conviction score of -3/3 across all three independent signals — futures shorts, options bearish positioning, and cash selling all aligned in the same direction. However, the critical distinction lies in the stock futures divergence: FII simultaneously holds net long of ₹700,978 contracts with +1.00 Strong Bullish OFR, revealing this is portfolio hedging rather than directional bearishness — FII is protecting equity exposure against near-term index volatility while maintaining conviction in individual stock selection. DII absorbed ₹33,933 Cr of inflows across the same five days, establishing a genuine domestic institutional floor that exceeded FII's outflow magnitude, indicating domestic capital is accumulating into foreign selling rather than defending passively.

All three other participants positioned long against FII's index shorts throughout the week — DII at +37,393 net OI with +0.64 Strong Bullish index futures OFR, Client at +208,448 net OI with +1.00 Strong Bullish, and Pro at +21,865 net OI with -1.00 Strong Bearish OFR on the final day. The battle table shows FII as the dominant participant with -267,706 net short position, but the structural opposition from domestic institutions and clients creates a setup where FII's index selling faces mounting resistance rather than capitulation. Options Combined OFR confirms the split: DII and Client both show strong bullish positioning in index options while FII shows moderate bearish, indicating genuine directional disagreement rather than mechanical hedging.

The previous week (ended 29-May) showed FII already short -201,309 contracts with all three other participants opposed and long, establishing a baseline bearish FII positioning that was already in place. This week extended that positioning by ₹66,397 additional index futures shorts with FSR of -0.25 Strong Bearish, representing genuine conviction building rather than a new reversal — FII doubled down on existing shorts while DII's counter-accumulation of ₹33,933 Cr suggests domestic institutions view the foreign selling as an opportunity rather than a warning signal. The multi-week arc shows FII has been consistently short the index for at least two weeks while maintaining long stock positions, a pattern that indicates tactical hedging rather than strategic bearishness.

FII enters next week with extreme bearish conviction on indices (-3/3 score) but genuine long conviction in stocks (+0.78 OFR), creating a market where index weakness is likely to trigger domestic institutional support rather than capitulation, while individual stock selection remains the domain where FII retains conviction. DII's absorption of ₹33,933 Cr across five days has established a structural bid that exceeds FII's selling magnitude, and with Client-Pro both positioned long in index options, further index selling would face three-against-one institutional opposition — a setup historically favoring the minority position (FII) at inflection points but only if the selling pressure accelerates rather than exhausts. The weekly Nifty expiry on 09-Jun and monthly expiry on 30-Jun create near-term rollover mechanics that could amplify volatility, but the underlying institutional structure suggests any sharp index weakness would be met with domestic accumulation rather than panic.

All metrics are for informational and analytical purposes only. Signals reflect past positioning and do not guarantee future market direction. This report reflects prior day data — it is not live data, as exchanges do not provide FII/DII data in real time. Past data does not reflect future directional activity of FII/DII. Do your own research before making any trading or investment decisions. This is not financial advice. Always consult a SEBI registered financial advisor before taking any decision.