NIFTY witnessed bit of profit booking as it is inching towards all time high. Global cues are positive and SGX NIFTY indicating flat opening.
F&O Data Analysis (27th May series): Highest OI is at 15500 & 15300 CALLs and 15000 & 15200 PUTs. Highest OI addition is at 15300 & 15350 CALLs and 15200 & 15300 PUTs. PCR rose from 0.38 to 1.05 and no change in Maxpain at 15100. Looking at F&O data today market participants are expecting NIFTY to close between 15000 and 15500 by 27th May.
FIIs bought 960 and DIIs sold 563 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.
