NIFTY has been very volatile on Friday and finally closed flat. Global cues are positive. US & European markets closed positively on Friday and now US & European Futures are trading in Green, Asian markets are trading positively and SGX NIFTY indicating 100 points gap up opening.
F&O Data Analysis (18th Feb series): Highest OI is at 15500 & 15200 CALLs and 15000 & 15100 PUTs. Highest OI addition is at 15300 & 15200 CALLs and 15000 & 15200 PUTs. PCR is marginally reduced to 0.91 from 1.07 and no change in Maxpain and it is at 15100. Looking at F&O data as on today market participants are expecting NIFTY to close between 15500 and 15000 by 18th Feb.
Technically speaking: Support & Resistance levels for Positional Traders based on Daily Charts: Support: 15065, 14975, 14870 and 14750. Resistance: 15260, 15350 and 15500 . Support & Resistance levels for today based on Hourly charts: Support: 15190, 15100 and 15065; Resistance: 15260, 15310 and 15365;
FIIs sold 47 and DIIs sold 597 crores worth of stocks in cash market on Friday.
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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.
