Good Morning
Y'day we hope that Nifty will not break 11950 but our OCA continued shwon that Call Writting will pull index down. We played Index CE & now will exit in gapup, Global is not good & today's gapup will be sold or we take a support? Participants Positions suggest that more volatility will hit now so don't carry your any positions till clear signals.
But Notice that Deliveries in Nifty Stocks is increased so long term investors are buying in selective stocks.
FII was a net sellers in Cash Market i.e. 1160 Cr. In derivatives FII added 13k Index Long (Next Series) & added 25k Shorts, in stock futures 16k Longs & 31k Shorts, in options 12k call long & 15k call short with 35k Put long & 15k call short suggest that FII will try to keep index in range. But Pros also now active in derivatives Pro added 12k Index Long & 1.7k Shorts, In stock Futures added 5k Shorts, In Option 1.4 Lac Call shorts with 56k Put Long suggest that 12k will be strong resistance & 36k call long & 38k put shorts suggest that 11800 will try to hold.
Note that 3rd time in Feb FII added more that 20k Index shorts... So caution on long side... We are suggesting since start of this expiry.