Good Morning
The Expiry Day...
Before Weekly Expiry FII covered almost all shorts in Index but that does not mean FII is now Longs... They are now nutural with 23.62% Long & 24.52% Shorts. Next week data will give is the directional moves. FII is still net sellers in CM i.e. 1.4k Cr. In Derivatives FII added 3k Index Long & 104 shorts, in stock futuers added 14.7k Longs & 7.6k Shorts suggest sectorial moves. In options FII covered Positions so ignored, But Pros added 35k put shorts suggest that downside is limited, Pros covered Index Long & Shorts. So it's seems that FII & Pro is waiting for some News in Next week.
Today will focus on stocks. OCA suggested that still BNF is weak & NF is Strong. Will Long with SL 8980 but NF must trade above 9050, no trade zone 8980 to 9050.
Focused on stocks