NIFTY consolidated throughout the day yesterday after spectacular rally last week. Looks like rally may continue today. Global cues are positive all over the world. SGX NIFTY indicating 100 points gap up opening.
F&O Data Analysis (27th May series): Highest OI is at 15500 & 15300 CALLs and 15000 & 14800 PUTs. Highest OI addition is at 15400 & 15250 CALLs and 14900 & 15000 PUTs. PCR dropped to 0.38 which is very low and no Maxpain gone upto 15100. Looking at F&O data today market participants are expecting NIFTY to close between 14800 and 15500 by 27th May.
FIIs bought 585 and DIIs sold 707 crores worth of stocks in cash market yesterday.
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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 is possible that my analysis may go wrong. So, take your own decisions or consult your Financial advisor before taking any trading or investment decisions.
