Good Morning
As I said y'day morning FII taking on table profits. Index gone below our SL 11980 but saved it. Now again with same SL will be Long becoz UP channel is still intact & Index is at bottom of it. Index should bounce from here or Breakdown. Global not good. FII net Positions coming down it means money is going out. Not only booked profit but Added shorts in small quantities. Will DII support it? FII booked 252 Index Long & added 3k Shorts In stock futures booked 12k Longs & added 9.5k Shorts. In Options Hedging is continue. Pros added 42k Call Short & covered 9k put short is bearish setup.
In Short both side trade can be taken with small profit. Today Must watch the put writters move if strong Index will hold 12k if they start exiting breakdown. Watch OCA for first 2 hours carefully.