A weird market movement today!
Though we are negatively biased if you look closely BNF Index and F&O are moving independently
Index is going down F&O is slightly in the opposite direction when market has no momentum!
The only time they are aligning is when there is actual momentum
Data is negative overall but option buying is hectic as premiums are not moving as expected
More over NF and BNF are in divergence
NF+ BNF -ve
Tough day to trade as a options buyer!