Bull rally continued yesterday as well though with 100 points intraday volatile moves. NIFTY made new All Time High of 12435 and closed at 13393. US markets closed positively yesterday, European markets were flat, Asian markets trading in Green, US futures also trading in green and SGX NIFTY is indicating gap up opening by 40 points.
F&O Data Analysis (10th Dec series): Highest OI on CALL side at 13500 & 13600; Highest OI on PUT side is at 13200 & 13000. Highest OI addition is at 13700 & 13500 on CALL side and 13400 & 13300 on PUT side. PCR is marginally down from 1.4 to 1.27 and no change in Maxpain 13300. Looking at F&O data as on today market participants are expecting NIFTY to close between 13200 and 13700 by 10th Dec.
Technically speaking: Support & Resistance levels for Positional Traders based on Daily Charts: Support: 13310, 13145 and 12980. Resistance: 13435, 13500 and 13700 Support & Resistance levels for today based on Hourly charts: Support: 13375, 13310, and 13245; Resistance: 13435 and 13500;
FIIs bought 2909 crores worth of stocks and DIIs sold 2641 crores worth of stocks in cash market yesterday.
Follow my TRADES at:
Telegram: https://t.me/WealthyOptions
Twitter: https://twitter.com/wealthyoptions1
Performance: https://www.wealthyoptions.in/performance
Training: https://www.wealthyoptions.in/training
Testimonials: https://www.wealthyoptions.in/testimonials
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.
