NIFTY continued its volatility on Friday as well and finally closed 1% down. Global cues are mixed and flat currently. US markets closed strongly on Friday, European markets closed in red. Both US & European futures are consolidating now, Asian markets are trading mixed but with slight positive bias. SGX NIFTY is indicating about 40 points gap up opening.
F&O Data Analysis (10th Mar series): Highest OI is at 15500 & 15300 CALLs and 14500 & 15000 PUTs. Highest OI addition is at 15500 & 15000 CALLs and 14500 & 14900 PUTs. PCR is down from 0.78 to 0.65 and Maxpain is also down by 100 points and now at 15000. Looking at F&O data as on today market participants are expecting NIFTY to close between 15500 and 14500 by 10th March.
Technically speaking: Support & Resistance levels for Positional Traders based on Daily Charts: Support: 14860, 14740 and 14500. Resistance: 15100, 15240-15275 and 15435 . Support & Resistance levels for today based on Hourly charts: Support: 14900, 14860, 14740; Resistance: 15055, 15100, 15200 and 15240;
Both FIIs and DIIs sold for 2014 and 1191 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.
