Markets rallied yesterday with the boost from RBI measures. Global markets are positive. SGX NIFTY indicating gap up opening by 30 points.
F&O Data Analysis (6th May series): Highest OI is at 14900 & 14800 CALLs and 14500 & 14600 PUTs. Highest OI addition is at 14850 CALLs and 14600 & 14500 PUTs. PCR is at 0.74 and Maxpain is at 14600. Looking at F&O data today market participants are expecting NIFTY to close between 14500 and 14900 today.
Both FIIs and DIIs sold for 1110 and 240 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 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.
