US and European markets closed strongly on Friday, however Asian markets trading mixed and mostly with negative. US futures trading with slight negative bias. SGX NIFTY indicating gap up opening by 50 points
F&O Data Analysis (20th May series): Highest OI is at 15000 & 14900 CALLs and 14600 & 14500 PUTs. Highest OI addition is at 15000 & 14900 CALLs and 14600 & 14400 PUTs. PCR dropped from 0.75 to 0.68 and Maxpain also dropped by 100 points and now at 14700. Looking at F&O data today market participants are expecting NIFTY to close between 14400 and 15000 on 20th May.
FIIs sold 2607 and DIIs bought 613 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 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.
