Pre-Market Analysis for 27 Apr 21

NIFTY opened with 110 points gap up yesterday and then gone into consolidation phase for rest of the day. Global cues are mixed and mostly flat. SGX NIFTY indicating 30 points gap down opening.

F&O Data Analysis (29th Apr series): Highest OI is at 14800 & 14500 CALLs and 14300 & 14500 PUTs. Highest OI addition is at 14900 & 14950 CALLs and 14500 & 14400 PUTs. PCR is at 1.21 and Maxpain at 14500. Looking at F&O data today market participants are expecting NIFTY to close between 14300 and 14800 on 29th April.

FIIs sold 1112 and DIIs bought 1022 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.

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