Good Morning
Nifty Reversed from 12021 & hit 11888 due to profit booking. Now wait 11880 to break to start down trend if not again buying will come at these levels. So OCA need to watch if OI buildup in calls increase rapidly then it will break. Wait & watch till 10.30.
FII booked 1.8k small profits in index long. & Added 1.7k Shorts. In stock Futures 2k Longs & 12.5k Shorts. In options 10k Call Long & 10k put Short with 21k Put Long (⚠️) & 2.7k call short. Pro setup in options also protect the down side.
One thing need to watch whether Put Long & Stock futures short will use to go up by short covering or go down by adding more shorts.
So keep eye on OCA buildup. We will wait till clear signals.