Good Morning
As I previously said to remove Sell signals from index need next 2 days UP bars but it was not happened & now the Sell signal is confirmed. But still 11850 is a crucial levels can bounce from here for technical pull back. FII added 5k Index Long & 1k Shorts. In stock futures 2k Long Covered & added 5k shorts. But in options bearish setups added 41k Put Long (⚠️) & 15k Call Short plus 13k Call Long & only 8k put short. Pro also looks bearish with 32k Put Long & 94k (⚠️) Call Short plus 27k call long & 37k Put short.
So today will a range play or break down chances will avoid Index and focus on stocks. IT sector will be in watchlist. BNF near 32k will be buying opportunity. Watch OCA carefully for First hour to get the build-up if call writing increased then 11850 after some bounce & if Put writing increased then 11980. So watch the levels.