NIFTY has hit historical milestone of 15K on Friday and then consolidated for rest of the day. Global cues are positive all over the world. US markets closed positively on Friday, European markets consolidated, Asian markets, US & Europe Futures are trading positively. SGX NIFTY is indicating gap up opening by 100 points.
F&O Data Analysis (11th Feb series): Highest OI is at 15500 & 15000 CALLs and 14500 & 14700 PUTs. Highest OI addition is at 15500 & 15200 CALLs and 14900 & 14500 PUTs. PCR is at 0.99 and Maxpain is up by another 100 points and now at 14900. Looking at F&O data as on today market participants are expecting NIFTY to close between 15500 and 14500 by 11th Feb.
Technically speaking: Support & Resistance levels for Positional Traders based on Daily Charts: Support: 14960, 14860, 14750 and 14570. Resistance: 15200, 15350 and 15500 . Support & Resistance levels for today based on Hourly charts: Support: 14960, 14900 and 14865; Resistance: 15015, 15065 and 15100;
FIIs bought 1461 and DIIs sold 1418 crores worth of stocks 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.
