Good Morning
The Expiry Day
Y'day after 20k Cr Package Index is not able to hold 9400, it shows the participants is still waiting for confirmation regarding the same. Till the Pro will Sell Options FII will buy stock futuers & DII will buy in Cash.
FII is now only 23% Long & 22% Shorts, It's a Neutral Positions. FII was net sellers in CM i.e. 284 Cr. In Derivatives FIi closed 11.5k Index Long & 13k Shorts, in stock futuers added 10.5k Longs & closed 10k Shorts, In options smartly added 17.8k Call Short suggest that now 9400 will be again a good resistance, 3.5k Put writing for premium eating, Pros also with FII Covered Index Long & added Shorts, But in Options Pro take huge Positions Call Long 40k & Call Short 40k to hedge news inflows, Put Long 10k & Put Shorts 17k.
For today first 9260 need to hold after that 9180 will be a good support. So will wait for clear direction from OCA, Focus on Stocks.