Yesterday was a day of GREEN everywhere. NIFTY opened with gap and never turned back and finally closed at high of the day with more than 2% gains. European and US markets also closed very strongly. BANKNIFTY outperformed NIFTY and almost all the other sectors joined the party yesterday. Now Asian markets are trading with positive bias and SGX NIFTY is indicating flat to 20 points gap up opening.

F&O Data Analysis (1st Oct series): Highest OI on CALL side at 11500 & 11300; Highest OI on PUT side is at 11000 & 10900. More OI added at 11500 & 11300 CALLs and 11100 & 11200 PUTs. PCR is increased from 0.98 1.09 which indicates good PUT writing as NIFTY was very bullish yesterday. Significant improvement in Maxpain by 150 points and now at 11150.

Technically speaking 11185, 11050, 10790 and 10560 are important Support Levels; 11285, 11385, 11445 and 11620 are important Resistance levels based on Daily charts for Positional play. For today 11175, 11100 and 11070 are important Support levels; 11260, 11285, 11305 and 11385 are important Resistance levels.

FIIs sold tiny quantity of 27 Crs and DIIs bought 542 Crs worth of shares in Cash market yesterday

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Disclaimer: Above analysis is just my opinion based on Technical Analysis, F&O Data study and my experience in the market. This information is for educational purpose only, and it possible that my analysis may go wrong. So, take your own decisions or consult your Financial advisor before taking any trading or investment decisions