Nifty n Stocks Traded
Good Morning and Wish You a Happy Trading Session
….
Yesterday Nifty future has break it’s rhythm to create new highs, Monday (11712.90) – Tuesday (11761.70) – Wednesday (11763.85). and from Wednesday’s day’s high already down by 122 points. From couple of days writing about the correction of 150 points.
Yesterday Nifty future has break it’s rhythm to create new highs, Monday (11712.90) – Tuesday (11761.70) – Wednesday (11763.85). and from Wednesday’s day’s high already down by 122 points. From couple of days writing about the correction of 150 points.
On last derivative expiry Nifty Future’s fall was one sided. After flat
opening Market remain week through the whole session. And that derivative closed
on a flat node with negative bias.
Although Foreign Institutional Investors was on buy side, their net
trade value was +958.01 Cr. But the Domestic Institutional investors were on sale
side, the net traded value was -1598.67 Cr.
Yesterday Indian VIX high was 12.6250 higher than Wednesday’s high
(12.4350) and very close of weekly average 12.9025.
At present scenario it is clear that selling pressure will be continue,
visa-vis the trend of negative bias will be continue. Today at first half a
bounce back is quite possible on the basis of yesterday’s low (11642), but bear
will be active at the higher level. Traders should be cautious at buy side.
Nifty Future is going to day
Now the question arises what about today?
Till Nifty Future is below 11740 then overall picture is week. Today
it is quite possible Nifty Future will open above 11691, (September Expiry
closing was 11733.15,).
This is the reason of 1st half’s recoveries. Therefore
after crossing 11721 Nifty future will face 11731 as a tough hurdle.
On the down side below 11593 vital support will be 11582, yesterday
written about the support of 11642. Nifty Future exactly made low 11642 and reverse to 11685…..
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