Good Morning
Index at Top... People was talking about M pattern but FII continue on N pattern. So follow FII data. On Expiry only Option covered. It means FII not covered their Longs Futures in Index & Stocks. Now every dip is going to be buy. FII added 6k Index Long & 3K shorts. In stock Futures 5k Longs & 4k Shorts. So today need to watch OCA for first half to get the OI buildup. NIFTY Put OI change Positive but Banknifty Call OI change is Negative. Now my guess is BNF is still to move more 1000 points. So Nifty & Banknifty pull each other to hit new high. So buy in dip in both Index to play.
We are Long at 11950/60 with SL 11920. BNF is more attractive. Play with Options.
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