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Good Morning

We gained almost 600 points gain in this week lets protect it by min SL trades. Our target 14700 is nearly touched & BNF 32800 already done now will not play aggressive in Index. Axis Bank will hit 720 today ? which was told yday but not happen.

FII was sellers in CM i.e. 1.4k Cr & DII taken it all, In derivatives FII added 4k Index Long & 4.4k Shorts which shows defensive move one side move will other side covering, But in Stock Futures add huge 18k Longs &5k Shorts it shows Next Expiry will be very interesting. In options 22k Call Long with 20k Put Shorts & 21k Put Long with only 3k Call Short suggest that now 14500 will be good support with upside open.

Pros added 12k Stock Shorts, In options 30k Call Long with 68k Put Shorts & 10k Put Long with 20k Call Shorts is completely Bullish setup.

So buy in Dips will the play.