NIFTY continued its spectacular rally and made new all time high 14913 and inching close to historical milestone of 15k. Global market cues are positive everywhere. US & European markets closed strongly, Asian markets, US & European futures trading well in Green. SGX NIFTY is indicating about 50 points gap up opening.
F&O Data Analysis (11th Feb series): Highest OI is at 15000 & 15500 CALLs and 14000 & 14500 PUTs. Highest OI addition is at 15500 & 15000 CALLs and 14000 & 14500 PUTs. PCR is at 1.15 and Maxpain is up by another 100 points and now at 14800. Looking at F&O data as on today market participants are expecting NIFTY to close between 15500 and 14500 by 11th Feb.
Technically speaking: Support & Resistance levels for Positional Traders based on Daily Charts: Support: 14840, 14710, 14570 and 14470. Resistance: 15000 and 15200. Support & Resistance levels for today based on Hourly charts: Support: 14910, 14840, 14790 and 14710; Resistance: 15000 and 15050;
FIIs bought 1936 and DIIs sold 768 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.
