Index outlook..23rd April
Nifty range 14300-14500
Expected to trade in narrow range
1..client shorted index calls and also holding index short positions...expecting narrow range trade
2. Pro is neutral
3. FII increase index long calls in good qty and reduced index put long positions..which is positive
4. Dii continue to buy in cash which is positive
Big move either side after breaking above range only..
FII added appox 45 k index long contract today...some counter whare huge shorts are their can be targeted by FII for forced short covering
All the best