FII_stats_26th_July

As expected the dip in Banknifty was bought but the ralley didn't sustain. Now what to trade tomorrow? well there's not much in FII Index futures data,covered 1335 long and 1737 shorts and in index option call long 20705 call short 40996 put long 16673 and put short 37953. we can't tell much from this data as we are two days from monthly expiry. the bar structure tells me that there will be a good long trade in banknifty but it completely depends on the opening. also HDFC bank and ICICI bank recovered and Axis bank too looks good.so again I will trade banknifty tomorrow on the long side.