Good Morning
Finally Index take support from 11100 and given bounce. Due to huge Short Covering by FII index rally towards 11300. FII covered 8k Longs & 4k Shorts. FII covered 17k shorts & added 320 Longs. In options 13.5k Call Longs. 19k Put Short it gives comfort that downside will be limited. PRO also added 89k Short Put which is very good to move on.
So today we will be buyer in first dip and then SL will be 11220 for Intraday & 11180 for Positional Longs. Y'day our Call give superb 40% returns.
Today Reliance & HDFC Bank is watchlist to get the trend.
Like y'day keep watch on Option Chain u will come to know what to do in Index.