* Today FIIs made huge short position in cash as well as in index future. There net short position has increased from 61% to 72% within a single day.
* Yesterday dow jones was shown roller coaster move and closed at day's low. Today whole day dow future was in green but it's Index is slightly negative now but I'm expecting good upmove in dow jones in next coming days .
* Today after gapdown opening banknifty tried to touch it's yesterday closing but came down sharply. In today's session banknifty future OI increased with fall in price but later in second half banknifty has shown good recovery with fall in OI.
* Usually VIX use to perform opposite of market but in today's session we have seen market has fallen as well as India VIX fallen around 3%. A lower VIX signifies low volatility and a stable range for the asset price. A higher VIX implies high volatility and a lack of confidence among investors to trade in the current market range.
* WHAT TO DO FOR TOMORROW-- Tomorrow we can see flat to positive opening . In case banknifty open gapdown then it'll be a good level to long Banknifty. Immediate support for banknifty will be 40400. We can go long for level of 41000/41600/42000.
** I'm expecting a new life time high within next expiry.
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