Good Morning
The Expiry Day
Morning Profits Booking was a good decision. So Smart Money Created Panic in Market & cover Short Positions in Index as well as call short with that at lower levels they added Index Long & Put shorts.
11850 & 24k act as a good support & given bounce. Still above 12050 only I will be bullish. Till then only Intra-day trades.
FII was net buyers in CM 2k Cr. In Derivatives added 1k Index Long & Covered 1.3k shorts in stock also same but in options 20k short call Covered & added 15.6k Put Short suggest that Upside is Open.
Pros added 1.3k Index Long & 980 Short, in stock futures 1.1k longs & 3.4k shorts. In options 30k Call shorts & 33k Put Shorts suggest Range of 11850 - 12100
Again BNF ITM will be in watchlist for trade. Banking & Reliance will decide the Expiry.
May have good swing till 12200 & 11780 so trade by levels only.