NIFTY extended its profits yesterday and managed close above 14730. Global cues are positive. SGX NIFTY indicating 70 points gap up opening.
F&O Data Analysis (12th May series): Highest OI is at 15000 & 15200 CALLs and 14500 & 14700 PUTs. Highest OI addition is at 15200 & 15000 CALLs and 14700 & 14500 PUTs. PCR is at 0.92 and Maxpain is at 14700. Looking at F&O data today market participants are expecting NIFTY to close between 14500 and 15200 by 12th May.
FIIs bought 1222 and DIIs sold for 632 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 is possible that my analysis may go wrong. So, take your own decisions or consult your Financial advisor before taking any trading or investment decisions.
