NIFTY made high of 12022 yesterday and then witnessed profit booking pressure, however overall it closed 15 points above yesterday compared to Friday closing. US rallied yesterday; European markets closed marginally in green; Asian markets are trading flat to downward bias. SGX NIFTY is indicating flat or 20 to 30 points gap down opening.
F&O Data Analysis (15th Oct series): Highest OI on CALL side is shifted down to 12000 from 12300 levels; Highest OI on PUT side also shifted down to 11500 from 11700. More OI added at 12000 CALLs and 11800 PUTs. PCR is down from 1.25 to 0.95 which indicates more CALL writing done yesterday compared to PUT writing; Maxpain is up by 50 points and now at 11900.
Technically speaking: Support & Resistance levels for Positional Traders based on Daily Charts: Support: 11865, 11790, 11615 and 11500. Resistance: 12025, 12150 and 12250. Support & Resistance levels for today: Support: 11900, 11865 and 11790; Resistance: 11960, 12022. 12050;
FIIs bought 615 crores worth of stocks and DIIs sold 1029 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
