NIFTY rallied 100 points yesterday giving break to consolidation during first two days of this week. NIFTY is just 130 points away from all time high of 15430. Global cues are mixed and mostly flat. SGX NIFTY is indicating flat opening.
F&O Data Analysis (27th May series): Highest OI is at 15500 & 15400 CALLs and 15200 & 15000 PUTs. Highest OI addition is at 15400 & 15550 CALLs and 15300 & 15200 PUTs. PCR rose from 1.05 to 1.3 and no change in Maxpain also gone up by 100 points 15300. Looking at F&O data today market participants are expecting NIFTY to close between 15000 and 15500 today. (In a narrow range NIFTY may expire between 15100 and 15450 today)
FIIs bought 241 and DIIs sold 438 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.
