NIFTY was highly volatile yesterday. Though it closed flat yesterday, it fell down 200 points in just 40 mins span in the last one of hour of the market. US & European markets consolidated yesterday and closed flat, Asian markets are consolidating with positive bias, US & European futures are trading with marginal positive bias and SGX NIFTY indicating 50 points gap up opening.
F&O Data Analysis (11th Feb series): Highest OI is at 15500 & 15200 CALLs and 15000 & 14500 PUTs. Highest OI addition is at 15200 & 15300 CALLs and 15200 & 15000 PUTs. PCR is at 1.11 and Maxpain is up by another 100 points and now at 15100. 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: 15040, 14960, 14860 and 14750. Resistance: 15260, 15350 and 15500 . Support & Resistance levels for today based on Hourly charts: Support: 15100, 15040, 14940 and 14865; Resistance: 15160, 15200 and 15260;
FIIs bought 1300 and DIIs sold 1756 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.
