Good Morning
Indian Markets is not ready to come down & Making HH & LL, at the top FII started buying in Cash Market... Yday FII was net buyers with 2.3k Cr. In derivatives FII added 10k Index Long & 725 shorts, in Stock futures 1.3k Longs & 6.6k Short But in Options NO Call Shorts with 15k Put Long Suggest hedge with 11k call long & 22k put shorts suggest downside will be limited. Not only this Pros also added 63k Put short with 15k call long & 20k put Long with 21k call shorts it is a Bullish setups. In stocks Futuers 7.5k shorts is concerned.
So today is the day it may give a flat Index or Huge swings so prepared for that. Banking again in focused. We have HDFC Bank let see. Axis given good returns & today also it will give Gapup.
BNF in trade today.