Good Morning
The Expiry Day
Smart Money Managed Index Yday to create Positions. Global Setup is good. Reliance News on Expiry, No news from Indo-China, Credit Police in all this Data shows that Index will setup for Upside. But due to extended Week plz book profits.
Only one Negative war news which is not highlighted...
FII was sellers in CM i.e. 712 Cr. In Derivatives added 7.4k Index Long & 1.5k Horta Covered, 2.3k Stocks Long & 4.3 shorts covered, In options 27k Put Short with 17k Call Long suggest bullish setups and 12k put Long with only 1.6k Call shorts suggest upside open. ( Bear Trap)
Pros added 3.2k index Short & covered 1k Longs but in options 76k Put Shorts (👍) with 18.4k Call Long and 44k Put Long with 26k call short suggest 11500 will be a resistance.
So Today will book Longs & will take index OTM Put at high.
OCA Members is happy now... Keep Watching Intra day build ups.