Indicates fielding position close to slips (6)
I believe the answer is:
points
'indicates' is the definition.
('point' can be a synonym of 'indicate')
'fielding position close to slips' is the wordplay.
'fielding position' becomes 'point' (I've seen this before).
'close to' suggests the final letters (the 'close' to the word).
The last letter of 'slips' is 's'.
'point'+'s'='POINTS'
(Other definitions for points that I've seen before include "Directions on compass" , "tails, possibly" , "Tips" , "Indicates using finger" , "as setter does" .)