NIFTY and BANKNIFTY in particular turned super bullish yesterday and rallied throughout the day. Global cues are positive currently and SGX NIFTY indicating 150 points gap up opening.
F&O Data Analysis (20th May series): Highest OI is at 15000 & 15100 CALLs and 14700 & 14800 PUTs. Highest OI addition is at 15100 & 15200 CALLs and 14700 & 14800 PUTs. PCR significantly raised from 0.68 to 1.17 and Maxpain also gone up by 100 points to 14800. Looking at F&O data today market participants are expecting NIFTY to close between 14700 and 15200 on 20th May.
FIIs sold 2255 and DIIs bought 1948 crores worth of stocks in cash market on 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.
