Good Morning
In last session gapdown opening and Nifty taken support at 11100 then reversed & touched 11200 which was suggested in group. Again Smart Money Managed Index to control the overbought zones, PCR, MACDs. Today again opening at 11200 but as per data 11250 will be a very strong resistance so wait at opening. Need to watch OCA carefully for Options setups Intra-day. FII data is shown Bearish setups but for Intra-day data can change due to Banking Results.
Nifty Strong & BNF is weak.
FII was a net buyers in CM i.e. 400Cr. In Derivatives Covered 13k Index Long & added 6k Shorts, in stock futures covered 7k Longs & added 15k Shorts, Options setups also looks Bearish added 17k Call Shorts with 15k Put Long Suggest down side can be opened, added 7k call long with 16k put short Suggest expiry hedge.
Pros added 2.8k Index Long & Covered 2.6k Shorts, In stock futures 21k Longs & 6k Shorts Suggest sectoral buying. But in options Pros again added huge positions added 46k Call Shorts with 39k Put Long and 28k Call Long with 14.5k put short suggest both side moves may comes till expiry.
So due to Index is on resistance will focus on Stocks.