Good Morning
Nifty Broken 11880 and start trading below. 11850 & 31200 is crucial levels we will wait for index to Trade above. Better to Trade after clear signals. FII started the series with profit booking & shorting the index it is called double bearish... FII added 2.7k Index Long & 3k Short, Covered 7k Stock futures & added 2.5k Shorts, in Options 11k Call Short & 10k Put Long suggest bearish setups. Not only that PROs covered 16k Call Long & 13k Put short and added 13k Call short which is very negative. Index at important levels so need to watch OCA for first 2 hours. So FII & PROs both are Bearish keep Puts in Watchlist. Try to Trade with Options only. OCA signals showing put writers & call buyers were exiting. Put buying & heavy call writing. Keep on eye on that.