Good Morning
Unchanged RBI Policy stance was the trigger for market & it was given a good dip to buy but as we said it can be a fake bounce or fall so we don't Trade after policy. Now today will see the clear picture of participants what will be their move after this Policy.
FII booked 5k Index Long & added 2k Shorts ( 6th day in row) in stock futures 2k Longs booked & 2k Shorts added.
Current FII Open Positions
FII Index Long 25.41%
FII Index Short 31.26%
FII Stock Long 49.74%
FII Stock Short 28.57%
FII Index Put Long 28% & Short 10%
FII Index Call Long 21% & Short 8%
Today's OCA watch for first hour will give u clear indication where Index will be heading so keep watch on it.
Bank Nifty & Midcaps will be in watchlist.
We will wait till 10 to get the trend.