Good Morning
The Expiry Day
Global looking weak... Due to FII selling pressure Indian market again near 200 DMA. will it hold ?.
Today's expiry will trigger short covering if this happened it will take Nifty to 11500 again. FII added 7k Index Longs & 7k Shorts. In stock futures FII created heavy shorts in stock futures in last 2/3 days now added 7k Longs & 22k Shorts.
In options Call long 19k call short 11.5k & Put Long 15k no put writting seen with this Pro covered their puts & added heavy 82k short call. Looking complete bearish setup. But due to expiry it may change. So play with option for short covering.
Banking was broken badly. If Pull back will hold then go long. Play
Oversold banks for 8-10 points pull back.