FII Index long short ratio has come down to 0.78 today, compared to 2.6 yesterday.
20th March 2023 ratio was 0.09, post which we saw ~2700 point rally in #nifty50
Tracking this can help in identifying the direction going forward.
🤙 I just got off a call with Mr. Amitabh Chaudhry (MD & CEO Axis Bank) to discuss and seek some clarification in regards to the Axis Edge Rewards transfer devaluation and other changes.
Here's everything he had to say. 👇👇
@AxisBank always disappointing its customers.
Made a transaction of Rs 120500 with a merchant using my Privilege credit card which gives 10 reward points for every 200rs. Received only 250 RP. Raised issue with Customer service which said merchant removed recently (1/2)
Strong rally not yet deterring hedge funds as they continue to increase short positions in S&P 500 futures … positioning is most net short since summer 2020