NIFTY witnessed profit booking at higher levels. Global cues are mixed with slight negative bias. SGX NIFTY indicating gap down opening by 150 points.
F&O Data Analysis (6th May series): Highest OI is at 15000 & 15200 CALLs and 14500 & 14400 PUTs. There is no OI addition surprisingly yesterday, this could be due to 5 states election results due over this weekend. PCR is at 1.03 and Maxpain is at 14900. Looking at F&O data today market participants are expecting NIFTY to close between 14400 and 15200 by 6th May.
FIIs bought 809 and DIIs sold 942 crores worth of stocks in cash market yesterday.
Follow my TRADES at:
Telegram: https://t.me/WealthyOptions
Twitter: https://twitter.com/wealthyoptions1
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 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.
