NIFTY closed at all time high (on closing basis) yesterday after a highly volatile day. Today NIFTY seems to have all set to test All Time High of 15431. Global cues are positive and SGX NIFTY indicating gap up opening by 50 points.
F&O Data Analysis (3rd June series): Highest OI is at 15700 & 15500 CALLs and 15200 & 15000 PUTs. Surprisingly there was no considerable OI added yesterday on either CALLs or PUTs but that should happen today. PCR is at 1.04 and Maxpain at 15300. Looking at F&O data today market participants are expecting NIFTY to close between 15000 and 15700 by 3rd June.
FIIs sold 661 and DIIs bought 112 crores worth of stocks in cash market yesterday. FIIs nett long in Futures.
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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.
