Good Morning
The Expiry Day
Nifty y'day saved 9200 but SGX shows again opening below 9200 like yday... So will wait till Nifty regain 9200 then decide to go Long but if till 10.30 if not then Expiry move may pull Nifty to 9050.
FII was a net sellers in CM i.e. 500 Cr In Derivatives FII added 5.2k Index Long & Covered 4.5k Shorts, in stock futuers added 15k Longs & 10k Shorts so in both FII increased Longs, But in Options FII continue to add Index call Long i.e. 14k with 10k Put Short suggest that downside is limited. Small Call writing with 5k put Long. Interestingly FII will forced others to covered their shorts ?
Pros in action with option added 37k Put shorts is positive. So FII call Long Pros Put Short will hold market near 9100.
Volatility is increasing so play for small profits on both side. So first dip will be buy at 9080 for aggressive traders till 9380 Max.