Markets upward journey continued last week as well. US and European markets closed strongly. Asian markets are in Green. SGX NIFTY is indicating gap up opening by 100 points.
F&O Data Analysis (19th Nov series): Highest OI on CALL side at 13000; Highest OI on PUT side is at 12700 & 12600. OI addition is high at 12950 & 12850 on CALL side and at 12350 & 12300 on PUT side. PCR is at 1.15 and Maxpain is at 12700. Looking at F&O data as on today market participants are expecting NIFTY to close between 13000 and 12600 for current week.
Technically speaking: Support & Resistance levels for Positional Traders based on Daily Charts: Support: 12830, 12760 and 12570. Resistance: 12900 and 13000.
FIIs bought 1936 crores worth of stocks and DIIs sold 2462 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.
