Good Morning
Index is taking pause at high resistance is doing it work. FII is net seller since Last two days. December Month mostly used for profit booking by FII. Global not look good. Again SELL signal is generated in both Index. Now to remove this signal next two days should be upsides move bars needed. In this FII Booked 651 Index Long & added 3k Shorts. In stock futures Covered 2.5k Longs & 30k Shorts (🥳) In options FII hedge their Positions. But Pro is more active in Option 19k Call Long & 59k Call short with 35k Put Long & 37k Put Short suggest Range bound session till expiry. Will FII flow forced Pro go on Back foot?
Today again 12000-30 is buying zone with SL 11980. Will wait to consolidate near 12k then enter. Today OCA need to watch for first hour for OI build ups 12100 & 12000 strike is in watchlist 12100 PCR is 0.42 & 12050 CPR is 0.95 watch is carefully.