On Friday NIFTY witnessed huge sell off in the last one hour mainly because of the selling in Banking stocks. US & European markets closed negatively on Friday. Asian markets are trading with negative bias. SGX NIFTY indicating gap down opening by 40 points.

F&O Data Analysis (24th Sep series): Highest OI on CALL side at 12000 followed by 11600; Highest OI on PUT side is at 11500 and 11000. PCR is down to 1.04 from 1.09 and no change in Maxpain and it is at 11500.

Technically speaking 11445, 11380 and 11185 are important Support Levels; 11550, 11620 and 11800 are important Resistance levels based on Daily charts for Positional play. For today 11550 is important Resistance level and 11490 and 11445 are important Support levels.

FIIs bought very small quantity and DIIs sold very small quantity in Cash market.

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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.