Good Morning
Y'day we said that all three Indices were on important Levels NF & BNF broken the Level but N-IT bounce back. Now due to global Market Gapup but need to hold above 9025 to trend reversals. But chances are less. So till that Levels sell on Rise.
All in this FII Confirm that they are Bearish. FII was net sellers in CM i.e. 2.5k Cr., Not in that in every segment they sold heavily. In index futuers covered 1k Long & added 16k Shorts, In stock futuers covered 1.8k Longs & added 21k shorts, In options Positions are increased added 10k Call Long & 12k Put Shorts with 21k Call shorts & 12.5k put Long suggest that now upside is limited will see Long Bearish Candles. But Pro is against FII setting on Index Long added 8k Long & 3k Shorts but in Options they shorted huge in Calls suggest that 9k will be resistance. So this Gapup will trap Smart Money ? Need to watch OCA for first 2 hours to get the trend. We r near weekly Expiry & addition of huge call writing that Market will be very volatile so play with options for small Profits.