Good Morning
3rd Day of 9200 Levles... Index open Gapup then by closing it come down to 9200. As we said it is very important Levles to hold. Today also Gapup near 9300 plus news in Reliance which was told y'day. Again we gain Rs 40 in Reliance.
FII covered 14k Index Long & added 10k Shorts in stock futuers covered 25k Long & added 31k Shorts so in index FII comes to net NEGATIVE but need to watch next 2 session. Options ignored due to Expiry. Pro added 6.6k Long & covered 8k shorts.
I feel that todays High in Index will be Last from Monday Index may reversed. But it's my view may be wrong. Only speculation is going on so stay cautious. FII Net Put Long is much higher thant Call Long. Pro setting on Option Short only for premium credit. OCAS Suggest that Max Pain movement & others Indication are Bearish. Watch OCA for first hour for buildups. Today will wait to settle the Reliance move then will decide trend. Only PVT Banks move will be in watchlist today.