NIFTY gone through selling pressure yesterday and lost about 260 points. Global cues are mixed and mostly indicating consolidation. SGX NIFTY indicating flat opening for NIFTY.
F&O Data Analysis (25th Mar series): Highest OI is at 14800 & 14700 CALLs and 14500 & 14300 PUTs. Highest OI addition is at 14700 & 14600 CALLs and 14300 PUTs. PCR dropped from 1.07 to 0.74 and Maxpain is down by 150 points and now at 14650. Looking at F&O data today market participants are expecting NIFTY to close between 14300 and 14800 today.
Technically speaking: Support & Resistance levels for Positional Traders based on Daily Charts: Support: 14440, 14350, 14300 and 13970 . Resistance: 14620, 14755 and 14900 . Support & Resistance levels for today based on Hourly charts: Support: 14500, 14440, 14350 and 14300; Resistance: 14620, 14680, 14755 and 14820;
FIIs sold 1951 and DIIs bought 613 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.
