Good Morning and Wish You a Happy Trading Session ….
On Friday
Nifty Future trend was upward, although end of the session Nifty Future melt
down just 49 points. But it was part of an up move.
After analysis
of wave pattern, it is quite clear that overall trend support a fresh rally. This
may form a life time high of the index.
On Friday Foreign Institutional Investors have bought
2531.77 Cr. and sold 2651.37 Cr. net trades were -119.6 Cr.
And Domestic Institutional Investors have bought
3190.57 Cr. and sell of 1991.17 Cr. net trade values +1199.4 Cr,
India VIX made high 16.0725 and low 15.0150 on
Friday.
Advance and decline ratio of the Nifty was 38:12
Most active PUT was 10800; IO was 17, 62,350.
Key
Support-Resistance level of Nifty Future
Above 10991.75 next resistances are 11036. Once
Nifty Future crosses and close above 11062 then next Nifty Future may run to
12561.75 within this week.
Vital support of the first half is
10863.15---10856.50.
Today’s
Overview:
Although you may witness
small intraday correction but overall trend is up.