Good Morning
The Expiry Day
As per yday morning massage 11630/40 levels was not crossed. I already given alert on long Positions & FII added Shorts again.
Today gap down opening more than 50 points Will create LH in daily chart & need to cross day high & if yday lows break then breakdown but it will happen in sudden so cautions.
So for today buy near 11500 & sell near 11680
FII was net buyers in CM i.e 260Cr. But in Derivatives added 7000 index shorts & 1k Longs by this FII is in net Negative side. In stocks Futuers covered 6.6k long & added 6.4k shorts. In options not a significant figures suggest Intra-day build up will decide the move.
Pros added 3.2k Longs & 534 Shorts in stocks Futuers 9.5k Longs & 2k Shorts in options 30k call long with 41k put short & 16k put long with 34k call short suggest Range Bound Session.
Watch Options Buildups it may change in Intra-day.