The Expiry Day...
US Fed news & today's Telecom outcome will move the market... So very cautious on Positions.
SGX is Flat it means u need to wait for 10150 & upside or 10000 on downside need to break to play in Index... Will not trade within the Range. FII is a net sellers in cash market i.e. 919 Cr. In Derivatives FII added 6.4k Index Long & 112 short, in stock futuers Covered 5k Long & 2k shorts but In options 7.5k Call Long with 14k put Short suggest limited downside, which we have seen in OCA y'day, FII pushed Pros to cover their call shorts Pro covered 23k Call Short with 17k put Long and 8k call Long with 43k put Short suggest Bullish setups.
So Wait for range breakout or buy near support & book near resistance.
Due to today's event it will be very volatile so play with only options.
Lupin is still in Watchlist on Long Side.