Good Morning
As per y'day morning comments FII build pressure on Index and broken 11480 then low was near our Positional SL .i.e. 11380. As expected DII does their roll and saved 11380. Moving AVG is at important level see the chart after massage.
FII added 5k index long & covered 6k shorts ( from 54% to 34%) in stock futures added 5k Longs & 12k Shorts. In options 16.5k Calls longs & 11.3 call shorts. 18k put longs & 10k put shorts suggest Range bound session before RBI policy. Pro Call shorts Increased to 82k call shorts which is not good so again today first half to watch Option chain for new buildups.
Our Intraday SL will again 11480 & Positional SL will be 11380. Caution on HDFC bank below 1220 will be exit. Reliance breakout predicted one day before from there it is given very good returns.