Last week NIFTY rallied by record 725 points in just 5 trading sessions. It broke all the Resistance levels such as 12025 and 12250. Now NIFTY is heading to test all time high of 12430 possibly today itself. US futures and Asian markets trading 1.5% higher. SGX NIFTY indicating 160 points gap up and possibility of opening at all time high.

F&O Data Analysis (12th Nov series): Highest OI on CALL side at 12500 & 12700; Highest OI on PUT side is at 12000 & 12100. OI addition is high at 12500 on CALL side and at 12100 & 12200 on PUT side. Big jump in PCR to 1.59 from 1.23. Maxpain is up by 150 points and now at 12150. Looking at F&O data as on today market participants are expecting NIFTY to close between 12700 and 12000 by 12th November. 

Technically speaking: Support & Resistance levels for Positional Traders based on Daily Charts: Support: 12280, 12175 and 12025. Resistance: 12430, 12500, 12600 and 12700. Support & Resistance levels for today: Support: 12280, 12215 and 12175; Resistance: 12430 and 12500; 

FIIs bought huge quantity of 4870 crores worth of stocks and DIIs sold 2938 crores worth of stocks in cash market yesterday. FIIs have infused 13400 crores in Indian cash market in just 4 days in November. This is huge amount and in very short time.

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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.