Good Morning
Expiry was on negative note. 16 Sept was the day when all are giving buy on index & we are the only one who cautions on FII data from that day 11630/40 will be the swing high confirm. Note that FII is continuing adding Index shorts. FII Now 26.28% Long & 30% Shorts
FII & DII was a net sellers total 1250k Cr. Was sold in CM. In Derivatives FII closed 2.2k Index Long & added 5.6k Shorts. In Stock Futuers closed 2.1k longs & 9.6k Shorts suggest Bearish on Index as well as Stocks. Options data ignored due to Expiry.
Pros added 3k Index Long and closed 5k shorts, In stock Futures added 4.2k Longs & 5k Shorts.
So now 11550 need to cross for further rally. But we are not bullish on Market.
Watch on Pharma & Banks.