NIFTY was very volatile yesterday and hit both key Resistance and Support levels for the day and finally closed flat. US & European markets consolidated yesterday with marginal negative bias, Asian markets trading mixed, US & European futures trading flat with slight negative bias and SGX NIFTY indicating about 80 points gap down opening.

F&O Data Analysis (18th Feb series): Highest OI is at 15400 & 15500 CALLs and 15300 & 15000 PUTs. Highest OI addition is at 15400 & 15300 CALLs and 15300 PUTs. There was huge CALL writing yesterday, as a result of that PCR has come down to 0.87 from 1.33 but Maxpain is up by 50 points and now at 15300. Looking at F&O data as on today market participants are expecting NIFTY to close between 15000 and 15500 by 18th Feb.

Technically speaking: Support & Resistance levels for Positional Traders based on Daily Charts: Support: 15240, 15050 and 15975. Resistance: 15435 and 15500 . Support & Resistance levels for today based on Hourly charts: Support: 15240, 15190, 15110 and 15080; Resistance: 15332, 15385 and 15432;

FIIs bought 1144 and DIIs sold 1559 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.