NIFTY firmly in grip of Bulls and there was massive short covering by CALL option writers yesterday which made both markets and CALL option prices to raise significantly. Global cues are positive. SGX NIFTY indicating gap up opening by 100 points.
F&O Data Analysis (29th Apr series): Highest OI is at 15000 & 15100 CALLs and 14500 & 14700 PUTs. Highest OI addition is at 15100 & 15050 CALLs and 14700 & 14800 PUTs. PCR increased from 1.39 to 1.46 and Maxpain is also up from 14600 to 14750. Looking at F&O data today market participants are expecting NIFTY to close between 14700 and 15100 today.
Both FIIs and DIIs bought 766 and 436 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.
