NIFTY made new all time high of 14753 yesterday however it was a huge volatile day as NIFTY gone through huge sell off from 2:30 pm and then recovered half of its losses in last 20 mins. SENSEX has hit historical milestone of 50K yesterday. US markets closed flat yesterday, European markets slightly down, Asian markets trading negatively, US & European Futures are down by 0.5%, SGX NIFTY indicating gap down opening by 60 points.
F&O Data Analysis (28th Jan series): Highest OI is at 15000 & 14700 CALLs and 14000 & 14600 PUTs. Highest OI addition is at 14700 CALLs and 14600 PUTs. PCR is at1.15 and Maxpain is at 14500. Looking at F&O data as on today market participants are expecting NIFTY to close between 14000 and 15000 by 28th Jan.
Technically speaking: Support & Resistance levels for Positional Traders based on Daily Charts: Support: 14465, 14220 and 14000. Resistance: 14755 and 14950. Support & Resistance levels for today based on Hourly charts: Support: 14560, 14520 and 14465; Resistance: 14635, 14700 and 14755;
FIIs bought 1614 crores worth of stocks and DIIs sold 1039 crores worth of stocks in cash market yesterday.
Follow my TRADES at:
Telegram: https://t.me/WealthyOptions
Twitter: https://twitter.com/wealthyoptions1
Performance: https://www.wealthyoptions.in/performance
Training: https://www.wealthyoptions.in/training
Testimonials: https://www.wealthyoptions.in/testimonials
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.
