Fii are holding good amount of longs in index pe and little shorts in index ce . No major addition in index pe in last few days so looks like pe position are of next expiry. No major change in index future position
Clients are holding huge longs in index ce and huge shorts in index pe with little shorts position in index future major longs of ce are added in this expiry so tomorrow square off will happen in index ce
Pros are holding good amount of shorts in index ce no major change in position in index pe or index future
One more thing to notice is that clients are holding good amounts of longs in stock future highest from jan 2020 technically not good for market in coming days
#NIFTY50 15750 is nearby resistance holding 5-10 min above this will take nifty to 15780-15800 selling can come from this range. if reversal happens from here than shorting can be done with 20 points stoploss
no shorting above 15810 .
On downside 15655-15670 is main support .Nifty may takes support and reverse from here so longs can be taken with small stoploss no longs below 15650. Breaking 15650 will take nifty to 15615 levels which is next major support
#NIFTYBANK nearby resistance at 34660-34700 and next resistance at 34870 reversal may happen from any of these given levels
no shorting above 34900
on downside support at 34400 sustaining 5-10 min below this will take banknifty to 34150-34200 which is major support and reversal may come from this range keep close watch at this range
no longs below 34140
Fed interest rate decision is at late night today any negative statement or decision will trigger gap down tomorrow . if gap down happens do not enter shorts watch given range as trigger point.
And same for gap up if good gap up happens on positive surprise than watch given resistance levels before taking any decision
Data are suggesting volatile sideways expiry.
Happy trading
