A pattern detector used in Strota's smart-money tracker for Indian markets.
FIIs sharply increased their long position on Nifty/BankNifty futures and bought materially more call options than put options on the same day.
Foreign institutions are positioning aggressively for upside. Over 376 days backtested, BankNifty has averaged +1.5% in the next 5 trading sessions when this fires (67% hit rate, n=15).
This tag has not fired in our backtest window yet.