Good Morning
Yday Banknifty Given Breakout & Nifty at Bearish Bat Pattern. Due to that again will see some dip in Intra-day. So Banknifty will pull Nifty to upside or Nifty will pull BNF to downside. Tomorrow will be Expiry so today will be more volatile or complete mute session, FM meeting can be a triggered for move. Again 10815 need to cross & hold for Further Rally.
FII was net buyer in CM i.e. 829 Cr in Derivatives FII booked 4.8k Index Longs & Covered 4 Shorts In stock futures covered 2k Longs & added 7.5k Shorts, in options Near expiry added 6.2k Call Long with 13k Put Shorts and 12.8k Put Long with 3.3k Call Shorts suggest some Bulish setups.
Pros added 1.6k Index Long and added 8.3k Shorts. In stock Futures added 7k Long & 3.5k Shorts in options Booked Call Long & Call Shorts with 20k Put Long with 60k put shorts suggest that downside limited.
Note that Pros is Net Shorts more than 30 days.
So today play for Option for small profits. Keep booking profits.