NIFTY made new All Time of 13967 yesterday. It was a volatile day within small range. US markets closed marginally low, European markets closed positively, Asian markets are trading in Green, US & Europe futures are marginally up and SGX NIFTY indicating gap up opening by 60 points.
F&O Data Analysis (31st Dec series): Highest OI is at 14000 & 14300 CALLs and 13500 & 13800 PUTs. Highest OI addition is at 14300 & 14100 CALLs and 13900 & 13800 PUTs. PCR is slightly down to 1.31 from 1.46; Maxpain is up by 100 points and now at 13800. 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: 14000, 14100 and 14200. Support & Resistance levels for today based on Hourly charts: Support: 13940, 13900, 13860 and 13810; Resistance: 13970, 14000 and 14050;
FIIs bought 2349 crores worth of stocks and DIIs sold 2010 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.
