Nifty opened flat and within first half an hour +50 points was seen and nifty went on to break 8400 and tested the earlier support turned resistance zone at 8410-11 and was consolidating in a small band 8418-8400 for entire part of the day. Post lunch, there was dip below 8400, soon buyers came in to take nifty again above 8400 and at Days high at 8444.
Early part of the day, VIX was moving up and post lunch session it cooled off completely. Looks like, RBI rate cut is already getting factored in.
Broader Market was positive with 858 advances to 613 declines. Since today was the first trading day in the new series, we need to wait at-least for 3 trading days to gauge the market sentiments.
VIX Range -- 8816---8052 (so slowly 8000 is gaining strength)
FII -- Huge buying in cash and futures, clearly they are seeing some trend day ahead.
DII -- Huge selling in cash and Longs in futures; so they are sensing some top ahead. Need to be cautious now. Remember, they are longs from 7997, sitting on huge profits.
Clients -- Huge Short position in index futures and Options. clearly going against FII's
PRO -- Good short build up and small long build up too. They are still net longs.
With todays EOD data, its clearly visible that Clients and DII are seeing a short term top ahead, but FII's are clearly seeing very strong green days ahead. As I have already mentioned need to wait for 3 days to understand this data more clearly.
If your longs, keep trailing and ride the trend.. but don't forget to book gain at regular interval.
happy weekend
Early part of the day, VIX was moving up and post lunch session it cooled off completely. Looks like, RBI rate cut is already getting factored in.
Broader Market was positive with 858 advances to 613 declines. Since today was the first trading day in the new series, we need to wait at-least for 3 trading days to gauge the market sentiments.
VIX Range -- 8816---8052 (so slowly 8000 is gaining strength)
FII -- Huge buying in cash and futures, clearly they are seeing some trend day ahead.
DII -- Huge selling in cash and Longs in futures; so they are sensing some top ahead. Need to be cautious now. Remember, they are longs from 7997, sitting on huge profits.
Clients -- Huge Short position in index futures and Options. clearly going against FII's
PRO -- Good short build up and small long build up too. They are still net longs.
With todays EOD data, its clearly visible that Clients and DII are seeing a short term top ahead, but FII's are clearly seeing very strong green days ahead. As I have already mentioned need to wait for 3 days to understand this data more clearly.
If your longs, keep trailing and ride the trend.. but don't forget to book gain at regular interval.
happy weekend
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