Nifty Opened flat today and from the word go, it had selling pressure. Being event day today and also 3rd day of the new series, nifty witnessed huge range today (8445--8226). At end of the day, lost 197 points to get close just above 8200.
Broader market was very bad with 1197 declines to 287 advances. As Option Open interest, we can see 8000 is getting the base and 9000 the roof, so a huge range is getting built up.
VIX range is getting interesting -- 8584---7889 (So again, doors getting opened below 8000)
As per option chain, look like 8110-15 could be tested out in coming days.
FII -- Covered their longs today badly and taken up huge shorts today in Index futures, net they are still longs.
Clients -- Covered their shorts today and taken huge longs, net they are still short, on options side also they have taken good long exposure.
DII -- Taken small longs and very small shorts in index futures
Pro -- Taken both long and shorts today in index futures, net they are still short.
FII's have taken the beating today, forced to cover their longs and go short. Clients have done a remarkable job, tomorrow they are hinting for a range bound with green bias, lets c if they rock again.
happy trading.
Broader market was very bad with 1197 declines to 287 advances. As Option Open interest, we can see 8000 is getting the base and 9000 the roof, so a huge range is getting built up.
VIX range is getting interesting -- 8584---7889 (So again, doors getting opened below 8000)
As per option chain, look like 8110-15 could be tested out in coming days.
FII -- Covered their longs today badly and taken up huge shorts today in Index futures, net they are still longs.
Clients -- Covered their shorts today and taken huge longs, net they are still short, on options side also they have taken good long exposure.
DII -- Taken small longs and very small shorts in index futures
Pro -- Taken both long and shorts today in index futures, net they are still short.
FII's have taken the beating today, forced to cover their longs and go short. Clients have done a remarkable job, tomorrow they are hinting for a range bound with green bias, lets c if they rock again.
happy trading.
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