It was a blood in Indian and many other global markets on Friday. It was a day immense and continuous selling. However, currently global cues are looking rosy. US & European markets closed negatively on Friday, Asian markets, US & European futures trading strongly now and SGX NIFTY indicating around 150 points gap up opening.

F&O Data Analysis (4th Mar series): Highest OI is at 15000 & 14800 CALLs and 14800 & 14000 PUTs. Highest OI addition is at 15000 & 14800 CALLs and 14800 & 14700 PUTs. PCR is significantly down and now at 0.58 and Maxpain is at 14800. Looking at F&O data as on today market participants are expecting NIFTY to close between 15000 and 14000 by 4th March.

Technically speaking: Support & Resistance levels for Positional Traders based on Daily Charts: Support: 14550, 14465 and 14330. Resistance: 14750, 14920 and 15000 . Support & Resistance levels for today based on Hourly charts: Support: 14650, 14550 and 14470; Resistance: 14750, 14820 and 14920; 

FIIs sold 8295 and DIIs bought 1500 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.