Good Morning
The Judgemental Day
August Expiry many you Tuber was bearish on Index for August for target 10500 but DATA Never Lies so with TA if u add PDA it will be deadly combination.
Now for Next series I will be not bullish till Cross 11650. So focus on stocks. Same levels to follow buy near 11430 for tgt 11625/30/75
FII added huge 22.8k Index Longs & 19k Shorts both in Next series. In stock futures covered 3.6k longs & 5k shorts, in options 20k Call Long and 23k put shorts with 15k put long and 13k Call Short suggest bullish setups. I predicted that call writters will fry in this expiry also when 11500 was holding highest OI and yday writters was exiled.
Pros covered Index Long & added shorts, in stocks covered 7k Longs & 10k shorts, first time call long 40k and 64k put shorts with only 22k call shorts and 10k put long suggest that downside is limited but upside is open.
But still it is a very strong expiry so index will be very volatile.
For Next Series Banking & Pharma will be in watchlist