NIFTY was highly volatile yesterday and throughout the day it was roller coaster ride with 70 to 80 up and down movements multiple times. However finally closed flat after consolidation. US and European markets were marginally down yesterday. Asian markets are trading with positive bias and SGX NIFTY is indicating gap up opening by 30 to 40 points.
F&O Data Analysis (1st Oct series): Highest OI on CALL side at 11500 & 11400; Highest OI on PUT side is at 11000 & 11200. More OI added at 11400 & 11300 CALLs and 11200 & 11500 PUTs. PCR is slightly down from 1.09 to 0.95 which indicates consolidation and decent options writing on both CALL and PUT options. Maxpain is up by 50 points and now at 11200.
Technically speaking 11180, 11050, 10790 and 10560 are important Support Levels; 11305, 11385, 11445 and 11620 are important Resistance levels based on Daily charts for Positional play. For today 11180, 11100 and 11070 are important Support levels; 11285, 11305 and 11385 are important Resistance levels.
FIIs sold tiny quantity of 1456 Crs and DIIs bought 576 Crs worth of shares 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
