Good Morning
Global Surprised Move now Indian Market also have great bullish setups. Call Writters Traps & short covering again take Index higher.
As I asked FII added 10k Index long twice in 7 days it shows that FII will take Index to 12k.
FII was net buyers in CM i.e. 1094 Cr. In Derivatives also FII added 12.5k Index Long & 3.7k Shorts, In stock futures Covered 2.4k Long with 2.6k Shorts. Options setups suggest Expiry Move on Bullish side. Take a look at Stock Options also.
Pros Covered Index Long & Shorts, in options 30k Call Long with 50k Put Shorts & 64k call shorts with 22k put long suggest that move will be slow in index today.
Don't forget that Heavy Put shorts since last 4 days by FII & Pros.
So again buy in dips watch OCA Buildups.