Nifty Future Nifty Stocks
Good Morning
and Wish You a Happy Trading Session ….
Behind of Friday’s sharp bounce back of Nifty Future there is several reasons, one of them is HDFC Bank Ltd increased by 1.29% from previous day’s low and Reliance Industries Ltd. Increased by 1.66% from previous days’ low, as this two stocks are the most WEIGHTAGE holder of Nifty 50 (9.43% and 9.34% respectively).
Behind of Friday’s sharp bounce back of Nifty Future there is several reasons, one of them is HDFC Bank Ltd increased by 1.29% from previous day’s low and Reliance Industries Ltd. Increased by 1.66% from previous days’ low, as this two stocks are the most WEIGHTAGE holder of Nifty 50 (9.43% and 9.34% respectively).
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| Up moving |
Intraday Trade of Nifty Future
On 9th
August’2018 Nifty Future made high 11504.20, after two days correction it made
low 11354, from there start a recover move, on Friday made high 11507.45, a new
lifetime high.
Buy value of Foreign Institutional Investors was greater then Sell value by
147.31 Crore, you can treat it as a sign
of up move.
Because for
last four days FIIs was at only sell side, and the total sell value was 2686.44
Crore in this days, same as Domestic
Institutional Investors. Buy value was > then Sell value by 151.89
Crore.
What to be
today?
Nifty Future may open with a positive note, and may face resistance
around 11518 or 11528, from any point may take a 20 to 25 points of correction,
don’t’ panic overall,
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| Team work |
After that vital resistances are 11548 and 11560, (not 11548 to 11560), From
day’s high correction of average 130+ points not be overruled.
This is completely intraday scenario.
To form overall TOP for the time beings Nifty Future will take total 2 more corrections of about 130+
points. This is not the time to go for positional short. Wait for exact top.
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