NIFTY, SENSEX & BANKNIFTY: What is expected on 13th Mar 24

Let us see what happened in last 24 hours:

1. FIIs & DIIs were both net buyers in cash segment.
2. FIIs & DIIs are holding just 8% net short positions in Index Futures compared to over 22% net short positions at the beginning of this Mar 24.
3. Overall Index Future contracts are witnessing never before seen volumes. So new money is coming in the market.
4. US Indices ignored the hotter-than-expected CPI data and SP500 index rose up more than 1%
5. Mutual Funds have invested more than 8400 Cr. in Mar 24 so far.

Overall, the sentiment remains bullish and market is expected to open and end the day on positive note.

However, always remember not to keep any positions open when price is within consolidation zone (the gray cloud area seen in above image). This is where theta decay happens and eats away your option premium.

Happy Trading.