Nifty Future Tips

Nifty Trade yesterday

                                                         

Good Morning and Wish You a Happy Trading Session ….

At the second day of expiry week Nifty Future continue the trend of making new high. After making high at 11761.70 Nifty Future sleep 11715. But at the end of the session sudden volume act as provider of strength to come back Nifty Future again at 11761.

Analysis of Market

Strike price of most active call was 11800, Open interest generate was 26, 53,575 and most active Put was 11700, OI was 34, 61,400. This data suggest a range bound move between11800 to 11700.

After making the base at 9.4300 and 9.5150 respectively at Tuesday India VIX jump to 12.6000 and the base was 10.3775. All of this indicating volatility going to be increases.

 Yesterday both institutions were on sell side.FII net trade value was -161.05 and so as DII -199.28. Both data suggest Nifty Future is near its Top,

Today’s Overview:

After analyzing the three key factors it is clear that a small correction is overdue. And this will be a healthy correction. Investors should start some profit booking. A correction around 150 points is quite possible. Today’s trade will be some stock specific.

Group Disc.

 Nifty Future is going to day

Very vital resistance of the day is 11766.77. If volume generates at large scale then Nifty future may touch 11784. Tough hurdle to cross is 11818.

Nifty future may test support level at 11722, if break the mentioned level then Nifty Future may melt down to 11692. Crucial support of the week (before expiry) is 11666---------11617/11615.

Holding Positions:

Our Clients are holding Nifty Future long position from 11682, (tips given at 01:39 pm, 27 August). Yesterday's high was 11761.

Intraday traders book profit at 11707 on Monday.