Good Morning
The Expiry Day...
After huge Short Covering can we See new Buying today ? Y'day 7am we told that Index is in important levels from there what a breakout given by Index... Since Opening we have told that if Spot hold below 9010 then only will buy Put... Nifty Not hold and our 9100 Call was hit from 26 to 200 a single call given more than 15k Gain, Axis Bank, HDFC Bank, Reliance was also given good gains.
So for today FII was net sellers in CM i.e. 344 Cr. DII was buyer with 2.4k Cr., But In Derivatives FII is looking very Bullish. Added 35k Index Long & 4.6k Shorts ( Not Covered Shorts), In stock futuers 6.7k Longs & covered 33k Shorts covered, FII added 24k Call Long with 21k Put Shorts and 12k Put Long with Covered Call Shorts suggest a good Bullish setup.
Important observation is 3 days Put Long & 30k Index Shorts yet to cover by FII. Pros added 43k Put Long & 14k Put Shorts suggest hedge Positions, All other Participants books their profits & cover Shorts
For Today 9230 need to hold for Intraday & 9500 is a strong resistance, So watch OCA for buildups, Will not buy in Gapup.
Again Focus on Stocks with Index Levels.
I hope u all make good money y'day, 20 times more that your OCA & Webinar Cost !!!