Good Morning
The Important Expiry Day
Dow shown strength at opening but again it was drop so still it is in bearish mood. Volatility at extreme Vix above 18 suggest that fear at all time high. All in this FII selling fig is huge, sold 3336 Cr in cash Market. in derivatives FII added 12k Index Long & 25k (⚠️) Shorts, In stock futures 10k Long & 30k (⚠️) Shorts suggest complete bearish setups. 16k Call Long for hedging but 18k Put long also not good for Index, Pro also added 46k Call short suggest that now 11800 is strong resistance.
No levels is holding so better to stay away from Index and play with options. Please check participants wise open positions where u can understand the FII holding.
We will avoid trading today till clear directional move.