NIFTY witnessed profit booking after a spectacular rally for two days. Global cues are negative and SGX NIFTY indicating slight gap down opening by about 20 to 30 points.
F&O Data Analysis (20th May series): Highest OI is at 15100 & 15300 CALLs and 14700 & 14900 PUTs. Highest OI addition is at 15250 & 15100 CALLs and 14850 & 14900 PUTs. PCR dropped from 1.21 to 0.95 and no change in Maxpain at 15000. Looking at F&O data today market participants are expecting NIFTY to close between 14700 and 15300 today.
Both FIIs and DIIs sold for 697 and 852 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.
