Good Morning
Expiry above 9000 was good sign but still selling pressure is on. So today need to trade above 9050 with SL 8980.
News Flows since morning... Reliance, RBI, Pharma so will wait to settle the market. Both Index was in discount shows Bug players sold at high,
FII was a net sellers in CM i.e. 258 Cr. In Derivatives FII added 1.7k Index Longs with 10k Index Shorts still FII is nutural. But they are buying huge Stock futuers since last 3 days 60k contract accumulated. added 6k Shorts also, Due to Expiry Options data ignored, Still Pros on Long Side in Index with 13.3% & Shorts 10.3%, but Call writing is still on 16%
So due to global news & our news Index will be volatile in first half. So play with options. Will focus on Stocks.
OCA given Bearish signal in both Index but it is Neck to Neck fight. So Live OCA need to watch for Buildups. Nifty is strong & BNF is Weak.