Good Morning
Today is important day for all three Index even Nifty It given sell signal on daily Chart. So if today Index broke the important Levels then downside till 8700.
FII was net sellers in CM that is 2.3k Cr. In Derivatives FII covered 3k Index Long & added 8k Shorts now 31% Shorts, In stock futuers closed 8k Long & added 2.3k Shorts, While Index & Stocks is short FII hedge theirs Positions with options Longs, In options 14k Call Long with 4k put shorts & 10k Put Long with 9k shorts suggest the up side is limited,
Again seen that Pro is opposite to FII, Pro added 8.4k Index Long & 800 Shorts, added 6.8k Stock Futuers, But In Options pro added 34k Call Long with 14.5k Put Shorts & 54k Call Shorts with 23k Put Long suggest that Index will play in range.
So important to watch 9000 Level if break huge Long Unwind seen in all Indices.
Again focus on stock.