Good Morning
Global Setup good & Indian Market showing strength. Now for today buy in dip will be the plan. NF closing above 11240 is a good sign. Will be buy at 11220. How FII planned for next 10 days Data Shows it. Last 2 days Index Long with heavy 14k Shorts Covered & 14k Longs suggest bullish mood.
FII was sellers in CM i.e. 27 Cr. In Derivatives FII added 9k Index Long & 201 Shorts, in stocks Futuers 14k Shorts Covered & 2.2k Longs, In options 14k Call Long with 3.7k Put shorts & 5k Put Long with 7.7k call short suggest Range 11150 - 11350
Pros added 6.6k Index shorts & 5.5k stocks shorts, in options 38k Put Shorts with 12.7k Call Long suggest bullish setups and 2.8k put long with 27k call shorts suggest 11350 will act as resistance.
Intra-day Bulid up in OCA need to watch for Trend. Still OCA signal is bullish in both Index.