Yesterday NIFTY broke previous all time high just like that during opening and recorded a new All Time High of 13885. Markets rallied across the globe. US and European markets closed positively. Asian markets trading mixed but mostly in Green, US & European futures are trading in Green. SGX NIFTY is indicating gap up opening by 40 points.
F&O Data Analysis (31st Dec series): Highest OI is at 14000 & 13900 CALLs and 13500 & 13700 PUTs. Highest OI addition is at 13900 & 14200 CALLs and 13800 & 13700 PUTs. No major change in PCR and it is at 1.46; Maxpain is raised by 200 points and now at 13700. Looking at F&O data as on today market participants are expecting NIFTY to close between 14200 and 13500 by 31st Dec.
Technically speaking: Support & Resistance levels for Positional Traders based on Daily Charts: Support: 13775, 13500, 13330 and 13130. Resistance: 13950 – 14000, 14100 and 14200. Support & Resistance levels for today based on Hourly charts: Support: 13870, 13840, 13810, 13770 and 13730; Resistance: 13940, 14000 and 14030;
FIIs bought 1589 crores worth of stocks and DIIs sold 1386 crores worth of stocks in cash market yesterday.
Follow my TRADES at:
Telegram: https://t.me/WealthyOptions
Twitter: https://twitter.com/wealthyoptions1
Performance: https://www.wealthyoptions.in/performance
Training: https://www.wealthyoptions.in/training
Testimonials: https://www.wealthyoptions.in/testimonials
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.
