NIFTY traded with huge volatility throughout the day yesterday. Global cues are negative. US & European markets fell yesterday, Asian markets, US & European futures all are trading in red. SGX NIFTY indicating 100 points gap down opening.
F&O Data Analysis (25th Mar series): Highest OI is at 15000 & 15200 CALLs and 14500 & 14800 PUTs. Highest OI addition is at 14900 & 15150 CALLs and 14800 & 14700 PUTs. PCR rose from 0.91 to 1.07 and Maxpain is up by 100 points and now at 14800. Looking at F&O data today market participants are expecting NIFTY to close between 14500 and 15200 by 25th March.
Technically speaking: Support & Resistance levels for Positional Traders based on Daily Charts: Support: 14700, 14590, 14425, 14350 and 13970 . Resistance: 14880 and 15050 . Support & Resistance levels for today based on Hourly charts: Support: 14700, 14600 and 14500; Resistance: 14800, 14880 and 14950;
Both FIIs and DIIs sold 108 and 529 crores worth of stocks respectively 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.
