Nifty Future Nifty
Stocks
Good Morning and Wish You a Happy Trading Session ….
Bulls are continuously
dominating Dala Street from 5th June’18; Nifty Future made
low 10552, and from then a strong straight up move pull Nifty Future at 11504,
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| Bulls control, cautious! |
From 2nd August’18 till 9th of this month NF made high 11504 from 11274, a gain of approx 2 %( 1.999%).
Market participant
would keep an eye on Volatility Index, India VIX, Friday average was
12.6775, and it is already running above 50% of 52 week high 24.0350. Crossing
above 18.3% to 18.78% be cautious.
Although this is not
a preferred time to go positional short, but Nifty Future is going to touch its
expected HIGH (for the time beings) within couple of weeks.
Within first 2 session
of the week around 1776 companies are going to declare the result of June
quarter earning; therefore you expect a common volatility at the Market.
On Friday FII net trade value
-510.66 Cr. And DII net trade value +457.83 Cr. Continue buying of banking and
financial stock of foreign institutional investors, on Friday banking
stocks like SBIN, ICICI Bank, Axis Bank was the most active stock.
Intraday Trade of Nifty Future
On Friday written:
(i)
Overall scenario show that market is overbought condition,
investors should be cautious.
(ii)
Be cautious at high level, an intraday correction of around
65 points is quite possible.
What happened?
Nifty Future made
high 11485 and day’s low was 11430, that means 55 points clear correction.
Trading Tips
Intraday Nifty Future
Now what is going today? Or more consolidation
in the market to form the bottom?. Already mentioned the common reason of volatility at today and tomorrows
session.
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| group work |
Today Nifty Future
may take first support at 11418, if break 114010 /11408 then may take crucial support at 11396, and what
will be the resistance?
From any low (not day’s low)
Nifty Future may bounce back to 11468.65 ///11470.25. If formed bottom today a sharp bounce
back not be ruled out.
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