The bounce from nifty 3200 was weeded out yesterday. A 3% fall from opening highs and closed at 3519. It is not at all good for a rally in the markets. Then why FIIs bought in cash markets and in F&O?. Why our DII s sold in cash markets?. In a fall our DIIs helped and rescued our markets from not creating history from lower circuit breaks for two sessions and immediately they turned to selling ... a big question.... Yesterday's F & O data shows lose of nifty premium and huge addition of nifty future to the extent of 18 lacks in a fully drifting market signals further fall is imminent. Call option rates were fully fallen and no demand buying . Also we have not seen any fear in huge 4100 put positions while markets were up for two days. This shows that the fall may be imminent.
One may be in puts at least as a hedging position. But our destinations are at downside.
No comments:
Post a Comment