NIFTY closed weak on Wednesday. SGX NIFTY fell about 180 points yesterday as US markets fell but almost recovered entire loss in later off yesterday and today. Global cues are looking positive currently and SGX NIFTY indicating almost flat opening.
F&O Data Analysis (20th May series): Highest OI is at 15000 & 14800 CALLs and 14500 & 14700 PUTs. Highest OI addition is at 14800 & 15000 CALLs and 14700 & 14500 PUTs. PCR is at 0.75 and Maxpain is at 14800. Looking at F&O data today market participants are expecting NIFTY to close between 14500 and 15000 on 20th May.
Both FIIs and DIIs sold for 1260 and 704 crores worth of stocks respectively in cash market on Wednesday.
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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.
