NIFTY fell like a free fall in afternoon session. Overall fell by 300+ points from day’s high. This fall pushed India VIX to go up by 10%. Fall was mainly due to Global cues as European markets fell more than 3% amid the fear of another lockdown in UK and some countries in Europe due to growing number of Covid19 cases once again. US Futures also fell more than 2% during our yesterday afternoon session. Finally US DOWJONES index fell down by 1.8%, Asian markets are in RED around 1% down. SGX is indicating positive opening by 40 points.

F&O Data Analysis (24th Sep series): Huge CALL writing done at 11500 and 11400 strikes. PUT writing strikes pushed down. Highest OI on CALL side at 11500 & 11600; Highest OI on PUT side is at 11000 & 10500. PCR is down to 0.74 from 1.04 and Maxpain is down by 100 points and now at 11400.

Technically speaking 11185, 11100 and 10890 are important Support Levels; 11445, 11620 and 11800 are important Resistance levels based on Daily charts for Positional play. For today 11385 and 11445 are important Resistance levels and 11185 and 11100 are important Support levels.

Both FIIs and DIIs were nett sellers in yesterday 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