NIFTY bull run continued last week as well and made new All Time High of 13580. Friday NIFTY was very volatile and traded in range of 180 points. During afternoon session NIFTY fell down by 140 points in just 40 mins but recovered all of its loss in next one hour. US markets closed flat on Friday, European markets closed negatively, however US futures are trading positively now and also Asian markets are trading positively as well. SGX NIFTY is indicating NIFTY will open gap up by 40 to 50 points.

F&O Data Analysis (17th Dec series): Highest OI on CALL side at 14000 & 13500; Highest OI on PUT side is at 13000 & 13500. Highest OI addition is at 13600 & 14000 on CALL side and 13500 & 13000 on PUT side. PCR is slightly down to 0.9 from 0.97. Maxpain is up by 100 points and now at 13500. Looking at F&O data as on today market participants are expecting NIFTY to close between 13000 and 14000 by 17th Dec.

Technically speaking: Support & Resistance levels for Positional Traders based on Daily Charts: Support: 13400, 13310, 13145 and 12980. Resistance: 13580, 13675 and 13800. Support & Resistance levels for today based on Hourly charts: Support: 13500, 13445, 13400 and 13310; Resistance: 13580, 13630 and 13675; 

FIIs bought 4195 crores worth of stocks and DIIs sold 2359 crores worth of stocks in cash market on Friday.

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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.