* After long time both FIIs and DIIs made long position. FIIs have bought agressively in Index future worth of 1844 Cr. FIIs net short position has reduced from 70% to 61%.
* In the morning dow future was trading flat to slightly positive but in second half dow future came down around 200 points. Right now all American and European market is down by more than 1% . Dow jones down by 1.4% and Nasdaq down by 1.1% . Before a day of FED event this much fall is not good for market.
* Today after gapup opening banknifty touched our yesterday's given level 41600. Whole day banknifty was trading above it's VWAP in very small range of 41500-41600 and in second half came down slightly below 41500 with slight fall in future OI.
* WHAT TO DO FOR TOMORROW-- Dow jones, Sgx nifty and other global indices are trading in red and it's high probability that our market will also open gapdown but if we consider FIIs data and future OI buildup we should take this gapdown as a good buying opportunity. Immediate support for banknifty will be 41000.
We should go long with with small risk. If in case banknifty try to go below 41000 then next support will be 40500/40000.
If banknifty open gapup then 41600 will be a good selling level.
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