NIFTY was in firm uptrend yesterday for another 170 points with major support from BANKNIFTY and RELINACE. Global cues are mixed and mostly flat. SGX NIFTY indicating gap up opening by 30 points.
F&O Data Analysis (29th Apr series): Highest OI is at 14800 & 14900 CALLs and 14500 & 14400 PUTs. Highest OI addition is at 14850 & 14900 CALLs and 14500 & 14600 PUTs. PCR increased from 1.21 to 1.39 and Maxpain is also up from 14500 to 14600. Looking at F&O data today market participants are expecting NIFTY to close between 14400 and 14900 on 29th April
FIIs sold 1454 and DIIs bought 1463 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 possible that my analysis may go wrong. So, take your own decisions or consult your Financial advisor before taking any trading or investment decisions.
