📊 FII/DII Weekly Report — Sun, 14 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: 08-Jun to 12-Jun-2026)

FII: Buy ₹63,691 Cr | Sell ₹79,006 Cr | Net -₹15,316 Cr ▼

DII: Buy ₹87,444 Cr | Sell ₹63,430 Cr | Net +₹24,014 Cr ▲

Combined Net: +₹8,699 Cr

📊 INSTRUMENT WISE FUTURES SIGNAL (Week: 08-Jun to 12-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 +24,083 +3,943 +0.13 Moderate Bullish Long Buildup —

NIFTY +12,736 +924 +0.10 Moderate Bullish Long Buildup 23,622.90 +256.20 (+1.10%)

BANKNIFTY +12,351 +983 +0.24 Strong Bullish Long Buildup 56,814.80 +2,318.55 (+4.25%)

FINNIFTY +46 +32 +0.17 Moderate Bullish Long Buildup 25,943.35 +886.55 (+3.54%)

MIDCPNIFTY -955 +1,917 -0.14 Moderate Bearish Short Buildup 14,245.60 +138.10 (+0.98%)

NIFTYNXT50 -95 +87 -0.35 Strong Bearish Short Buildup 70,007.20 -184.75 (-0.26%)

STOCK +82,922 +145,980 +0.03 Weak Bullish Long Buildup —

⚔️ BATTLE TABLE (Week Over Week)

PREVIOUS 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

CURRENT WEEK (12-Jun-2026)

Participant Long Short Net Direction vs FII

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

FII 39,971 283,594 -243,623 Short — ★

DII 75,317 13,508 +61,809 Long Opposed

Client 258,005 77,605 +180,400 Long Opposed

Pro 56,144 54,730 +1,414 Long Neutral

👥 PARTICIPANT OI (Week Snapshot: 12-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 -2,43,623 +1.00 Strong Bullish

DII +61,809 +1.00 Strong Bullish

Client +1,80,400 -0.97 Strong Bearish

Pro +1,414 -1.00 Strong Bearish

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 +7,83,900 +0.57 Strong Bullish

DII -43,07,777 -0.35 Strong Bearish

Client +29,80,337 -1.00 Strong Bearish

Pro +5,43,540 +0.65 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 -2,09,020 +1.00 +5,42,612 -0.03 +0.97 Strong Bullish

DII +10,234 +0.74 +18,935 +1.00 +0.87 Strong Bullish

Client +23,033 -0.05 -7,12,299 -0.07 -0.06 Weak Bearish

Pro +1,75,753 -0.01 +1,50,752 +0.14 +0.13 Weak 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 -1,47,691 -0.19 +1,12,373 -0.21 -0.20 Moderate Bearish

DII -3,89,983 -0.99 +20,882 +0.07 -0.92 Strong Bearish

Client +10,29,357 +0.24 -3,78,773 -0.07 +0.17 Moderate Bullish

Pro -4,91,683 +0.12 +2,45,518 +0.16 +0.14 Weak Bullish

🎯 CONVICTION SCORE (Weekly)

S1 Futures OFR : +1 (Bullish)

S2 Options OFR : +1 (Bullish)

S3 Cash Market : -1 (Threshold: ₹14,900 Cr)

Total : +1/3 → Weak Bullish

⚠️ HEDGING WARNING: ACTIVE — FII using derivatives to hedge cash, not a directional bet

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 five-day distribution totaling ₹15,316 Cr in cash while index futures positioning shifted from Monday's genuine -3/3 bearish directional conviction through Tuesday's hedging reversal into Friday's +2/3 moderate bullish short covering, revealing a complete institutional repositioning arc rather than sustained directional betting. The critical cross-check shows index options Combined OFR aligned with futures throughout the week—Monday's -0.42 strong bearish confirmed genuine shorts, Tuesday's hedging warning signaled portfolio protection, and Friday's +0.96 strong bullish confirmed genuine long conviction—establishing that derivatives positioning was directional when options agreed with futures and defensive when they contradicted. Stock futures net long of +783,900 contracts with +0.57 strong bullish OFR across the week shows FII maintained stock conviction throughout the cash selling, indicating the week's distribution was portfolio rebalancing not capitulation, while DII's counter-accumulation of +₹24,014 Cr established a domestic institutional floor that absorbed every session of FII selling and positioned alongside FII's Friday bullish reversal.

DII emerged as the week's dominant institutional force, accumulating +₹24,014 Cr across all five sessions with consistent strong bullish index futures OFR and +0.87 strong bullish index options Combined OFR on Friday, creating a structural bid that never wavered despite FII's four-day selling pattern. Client remained positioned opposite to FII across the week with +180,400 net long index futures and +0.17 moderate bullish stock options, establishing the historical divergence pattern where minority FII positioning tends to be correct at inflection points—this pattern is now active with FII's Friday bullish reversal. Pro shifted from aligned with FII on Monday to opposed by Friday, with index futures OFR turning -1.00 strong bearish while stock options remained weak bullish at +0.14, indicating prop capital is fading FII's emerging bullish conviction rather than joining it. Stock futures revealed the true conviction story: FII's +783,900 net long with +0.57 strong bullish OFR shows genuine stock conviction that never wavered despite index hedging, while DII's -4,307,777 net short with -0.35 strong bearish OFR shows domestic capital is reducing stock exposure even while accumulating index support, creating a structural divergence where FII is long stocks and DII is long indices—opposite conviction domains.

The previous week (ended 05-Jun) established FII already positioned short -267,706 index futures contracts with all three other participants opposed and long, creating a baseline bearish FII positioning that appeared entrenched. This week extended that short to -243,623 by Friday's close, but the path was not linear: Monday's genuine -3/3 bearish conviction with strong one-sided selling (FSR -0.43 on Nifty) represented a directional doubling-down, Tuesday's hedging warning signaled a reversal into defensive protection, Wednesday-Thursday showed mechanical unwinding with stock options turning sharply bearish, and Friday's +2/3 bullish conviction with strong short covering (FSR +0.42 on Nifty) represented a complete reversal into long positioning. The multi-week arc shows FII did not sustain the prior week's bearish conviction but instead used Monday's sharp move to test the market, found domestic institutional resistance through DII's consistent buying, and reversed into bullish positioning by week's end—this is tactical rotation, not strategic reversal, with conviction building into next week rather than exhausting.

FII enters next week with moderate bullish conviction (+2/3 score) backed by strong options confirmation, index futures short covering accelerating to +0.42 FSR on Friday, and stock futures long accumulation at +783,900 net contracts, establishing a setup where bullish conviction is early-stage and has room to extend if DII's aligned accumulation continues. DII's +₹24,014 Cr weekly absorption and +0.87 strong bullish index options OFR create a structural support that will defend any pullback, while Client's opposition in index futures (historically favoring FII at inflection points) and Pro's fading of FII's bullish move suggest institutional capital is divided on the reversal's sustainability. The weekly Nifty expiry on 16-Jun creates near-term rollover mechanics that could amplify volatility, but the underlying institutional structure shows FII's bullish conviction is backed by domestic support rather than opposed by it—a materially different environment from Monday's isolated short conviction that faced three-against-one opposition.

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.