Y'day fall was profit booking from DII, Sold 1.2k Cr. In Cash Market comparing FII was a small buyer with 813 Cr. In this Falling Market I am not comfortable to buy a put, even I buy Call of next Expiry so today's Gapup will booked. So today's data is important to watch for FII trend.Dow rallying & we will also do that but today it will confirm the same.
FII Covered 4.8k Index Longs & added 1k Shorts, in stock Futuers added 7k Long & Covered 5.7k Shorts, in option added 11k Call Long with 23k Put Short suggest downside is limited, 22k Put Long with 11.4k Call Short suggest the hedge Positions, But Pros added Huge quantity 43.5k Call Long with 42k Put Shorts and 23k Put Long with 90k(⚠️) Call Short suggest that 10400 & 10500 is strong resistance for Expiry.
OCA suggested Max Pain Bullish Move with both Index Signal not suggest bearish signal. Monthly OCA data is positive, So again will buy in dip with 10080 Positional SL
Intraday SL will share in Live Market.