NIFTY was 1% yesterday after throwing very volatile day at traders. Global cues are looking positive. US & European markets closed positively particularly the tech dominant NASDAQ index was up by 3.5%. Asian markets are trading positively, US & European futures are trading flat and SGX NIFTY indicating about 130 points gap up opening.
F&O Data Analysis (10th Mar series): Highest OI is at 15100 & 15200 CALLs and 15000 & 14800 PUTs. Highest OI addition is at 15350 & 15250 CALLs and 15000 & 15100 PUTs. PCR is marginally up from 0.65 to 0.7 and no change in Maxpain at 15000. Looking at F&O data as on today market participants are expecting NIFTY to close between 15350 and 14800 today.
Technically speaking: Support & Resistance levels for Positional Traders based on Daily Charts: Support: 15100, 14975, 14860 and 14740. Resistance: 15275 and 15435 . Support & Resistance levels for today based on Hourly charts: Support: 15110, 15060, 15000 and 14925; Resistance: 15275, 15350 and 15430;
Both FIIs and DIIs bought 2801 and 1250 crores worth of stocks in cash market yesterday.
Follow my TRADES at:
Telegram: https://t.me/WealthyOptions
Twitter: https://twitter.com/wealthyoptions1
Performance: https://www.wealthyoptions.in/performance
Training: https://www.wealthyoptions.in/training
Testimonials: https://www.wealthyoptions.in/testimonials
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.
