Good Morning
Finally Both Index seen Long unwind in Expiry, so Index came down to 9044 but close above our important Levels i.e. 9980.
FII was again buyer in CM i.e. 2.9k Cr. Which is very good, in Derivatives FII closed 15k Index Long & added 1.6k Shorts, in stock futuers also book profit by 5k Long & 8k Shorts, Options are ignored due to Expiry, Now FII 29.30% Longs & 22.18 Shorts, Pros are now 11.28 % Long & 14% Shorts. FII Net Positive with 15.8k Contracts & Pros are Net Negative with -6k Contracts.
So today Index will be in narrow range to come out from overbought zone then may give upside move. But need to watch today's data for the trend.
OCA Suggested that BNF is more weak than NF so NF Long BNF Shorts will not trade index today & will wait till 10 to get the trend from OCA.