After 3 weeks of relentless extraordinary bull run NIFTY witnessed profit booking yesterday. It was volatile day yesterday, NIFTY opened more than 100 points gap down but filled entire gap within first half an hour and also made new All time High of 12963. Then there was severe profit booking pressure came and NIFTY fell down more than 200 points in the afternoon session. US markets closed flat yesterday, European markets closed in Red, Asian markets are marginally up, US futures indicating weakness and SGX NIFTY indicating about 50 points gap up opening.

F&O Data Analysis (26th Nov series): Highest OI on CALL side at 13000 & 12900; Highest OI on PUT side is at 12500 & 12700. OI addition is high at 12900 & 13000 on CALL side and at 12700 & 12500 on PUT side. PCR is gone down because of profit booking yesterday and now at 1.16. Maxpain is also down and now at 12700. Looking at F&O data as on today market participants are expecting NIFTY to close between 13000 and 12500 for November monthly expiry.

Technically speaking: Support & Resistance levels for Positional Traders based on Daily Charts: Support: 12745, 12610 and 12430. Resistance: 12965, 13000 and 13100 Support & Resistance levels for today: Support: 12745, 12700, 12660 and 12610;  Resistance:  12820, 12860, 12905 and 12965; 

FIIs bought 1180 crores worth of stocks and DIIs sold 2855 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.