Good Morning
After unexpected sell off today SGX showing Gapup near 9400. So will wait to settle market. Market is sell on rise till cross 9530. BNF is looking weak so it is in discount.
FII was net sellers in CM i.e. 1374 Cr. FII covered 10k Index Long & added 9.3k Shorts, in stock Futuers Covered 6.7k Longs & added 23k Shorts, Index Call Short 17k and 18.5k Put Long suggest downside is open, 10k Call Long & no put writing suggest that FII will reversed their position but still wait for more 2 days. Pros added 7k Index Long & 966 Shorts, in stock Futuers 13.7k Longs & 1.3k Shorts, but in Options Pro setups again for premium eating. Call Long 42k with 33k Put Short suggest that 9200 will be act as support, 80 call short with 24k Put Long suggest that 9500 will be act as resistance. So now play for range & small profits.
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