It was most toughest expiry yesterday as NIFTY moved so violently in last 2 hours of trading session. Global cues are positive and SGX NIFTY indicating 150 points gap up opening.
F&O Data Analysis (1st Apr series): Highest OI is at 14700 & 14800 CALLs and 14000 & 14300 PUTs. Highest OI addition is at 14400 & 14500 CALLs and 14000 & 14400 PUTs. PCR dropped to 0.67 and Maxpain is down by 150 points and now at 14500. Looking at F&O data today market participants are expecting NIFTY to close between 14000 and 14800 by 1st April.
Technically speaking: Support & Resistance levels for Positional Traders based on Daily Charts: Support: 14260 and 13960 . Resistance: 14575, 14670 and 14900 . Support & Resistance levels for today based on Hourly charts: Support: 14350 and 14260; Resistance: 14500, 14575 and 14680;
FIIs sold 3383 and DIIs bought 2267 crores worth of stocks respectively 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 possible that my analysis may go wrong. So, take your own decisions or consult your Financial advisor before taking any trading or investment decisions.
