Update

NIFTY

General tone is negative.
FIIs are net sellers in cash and F & O.
Will NIFTY go near 7700?
See NIFTY chart. Double top pattern had failed many times earlier in many stocks and indices. This would invariably happen in bull market. If it works this time then only NIFTY could reach 7700.

Option traders are also convinced about bearishness.
But notice lot of addition of 7800 PUT, which was trading around 73-74 at EOD. This means, according to option traders even in case of extreme bearishness also NIFTY might not go below 7726 in near future.

Hold NIFTY 7700 PUTs and book profit if NIFTY goes sub 7800 level.

DLF:
As per chart, very bearish. Next support around 136/130/126/ 120. But these are weak support levels.

But what was interesting today, a lot of PUT addition at 140 PUT and it is traded around Rs.5/-. So DLF might not go below 135 according to the smart option traders.
Book profit in DLF strategy when DLF would go near 136 in cash.

BOI
It should go below 221.
Next target could be 202.

OI table is also very bearish.

Part book if BOI touches Rs. 222-221 in cash and hold other lots till sub 210 level.

Disclaimer: This blog does not take any responsibility of your profit/loss.