NIFTY traded volatile yesterday after a big gap down of 160 points but sustained 14765 support level. Global cues are negative and SGX NIFTY indicating gap down opening by about 60 points.
F&O Data Analysis (12th May series): Highest OI is at 15000 & 15100 CALLs and 14800 & 14500 PUTs. Highest OI addition is at 15100 & 15000 CALLs and 14800 & 14650 PUTs. PCR is dropped from 1.08 to 0.95 and Maxpain also dropped from 14900 to 14800. Looking at F&O data today market participants are expecting NIFTY to close between 14600 and 15000 today.
Both FIIs and DIIs sold for 336 and 676 crores worth of stocks respectively 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 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.
