Good Morning
Expiry done on short covering but that should hold today.. Index given reversals from 100 DMA, But is it short opportunity? If y'day day high not crossed then again we will see some downside. FII is net buyers of 1352 Cr. FII still continue to add short added 5k Index shorts & covered 1.5k Longs. Options Data will not Consider due to expiry.
FII Index Longs 36%
FII Index Shorts 42%
FII Stock Longs 50%
FII Stock Shorts 28%
So avoid Index & focus on Stocks.
Todays data is very important to guess trend. Go for Intraday Index put & stocks Long.
Options Strike from 12200 to 12500 net combaine OI above 1Cr. So keep watching OCA to check the buildups. Our Positional SL is 11180. For today SL will be 12100. BNF regain 30800 so these levels to watch for directional trades.