Yday Prediction was the result of the Data + Charts + Logics, All together make my day. FII data was Bearish but the Option data of FII & Pro was suggested some support at 10200 with NF fut. Trendline Logic I was given Buy on Index. HDFC Bank & Index Call was given good returns.
FII was net sellers in CM i.e. 2k Cr. In Derivatives also FII looks Bearish with Covered 14k Index Longs & Added 4k Shorts, In stock Futures also added 15k Shorts & covered 3k Longs, 13.5k Call Long with 9.8k put shorts & 26k Call Shorts with 18.5k Put Long Suggest Bearish Setups... So all front FII is Bearish but today's Gapups will triggered Short covering by FII ?
Pros added 8k Index Long & covered 2.5k Shorts In stock futures added 10k Longs & covered 3.5k shorts, in Options good amount of Shorts but 48k put long is a cautions.
Today Pro V/s FII who will trap ?
So if Short Covering triggered ride the rally Bcoz it will move like anything.
As per yday massage Spot above 10325 will continued the rally.