Good Morning
This weekend everyone having the same question... why the Index Futuers is in heavy discount ? So it may be becoz of Dividend / Cash Hedge / FII Index Fut selling/ GDP Fig... This Morning u come to know Why it was in discount ? 80 to 250 point discount to 130 to 400 points Gapup... So while buying In Cash FII short Index to hedge the position... So Opening Gapup 200 points gain in Nifty for Participants...😍
FII is net buyer with 1.4k Cr. In Cash Market, DII also add 967 Cr., In Derivatives FII added 11k Index Shorts & Covered 914, In Stock Futuers added 20k Longs & Covered 2.5k Shorts, In options 21k Call Long with 22.5k Put Shorts and 20k Put Long with 14k Call Short is very good Bullish Setups...
As I told you FII & Pros are sitting opposite Now Pros Comes into Net Shorts in Index but In Options huge Positions were created... Added 33k Call Long with 66k Put Shorts and 43k Put Longs with 30k Call Shorts is good Bullish setups... Think about option strategy made by Pros.
So over all it looks like Index will move now to 10k by crossing 9750 small resistance.
So Opening will book profits and will wait to settle the market.
In Previous morning massage I mentioned roll over in Index so it now confirm on Long Side.
Banks will be In watchlist for today's trade. We have Dabur & ICICI Bank Positions in last session with good profits. Both Options will booked by today EOD.