NIFTY continued its rally yesterday as by gaining close to another 200 points. Global cues are negative currently and SGX NIFTY indicating 80 points gap down opening.
F&O Data Analysis (20th May series): Highest OI is at 15300 & 15200 CALLs and 14700 & 14900 PUTs. Highest OI addition is at 15300 & 15350 CALLs and 15000 & 15100 PUTs. PCR raised from 1.17 to 1.21 and Maxpain also gone up by 200 points to 15000. Looking at F&O data today market participants are expecting NIFTY to close between 14700 and 15300 tomorrow.
Both FIIs and DIIs bought for 618 and 449 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.
