Good Morning
Selling pressure is on, so that Index hold Levles for some time & then break it. Y'day told before 12 noon we told that Nifty may test 9150 & it given breakdown after 2 pm.
9200 was broken now todays close will confirm the broken up channel. So today Nifty stay above 9230 will give confidence to bulls. Still NF can test 9050 again. But will not short here.
FII was net sellers in CM i.e. 2k Cr. In Derivatives FII closed 7k Index Long & added 12k Shorts, FII continue to closed longs since last 2 weeks but Shorts was not added in that quantum. In stock futuers covered 10.8k longs & added 10k shorts, Options data ignored due to Expiry.
Pros is sitting opposite to FII, Members know what will happen if both are in different directions.
Options Chain suggest The Range is shrinking & Cumulative OI suggest fresh selling in Index.
Today again will focus on Stocks.