Nifty Trade yesterday
Good Morning and Wish You a Happy Trading Session
….
Nifty future (Market also) continuing to form new highs from last few weeks. Maximum credit of previous week’s rally goes to two big player Reliance Industries and L&T.
Nifty future (Market also) continuing to form new highs from last few weeks. Maximum credit of previous week’s rally goes to two big player Reliance Industries and L&T.
Reliance increased 5.98% from 1207.65 to 1279.95 and L&T hike
10.75% from 1231.45 to 1363.90.
On Friday low of India VIX was 9.4300, far low from previous week’s average 13.2825. it is
suggesting a strong up move, this week is of derivative expiry week, and
naturally volatility will increase repeatedly. Let see what happen.
At last trading day of previous week most active Call option was
11600 and OI (open interest) generate was 39, 24,425 contracts. And most active
Put was 11500 strike, OI was 40, 16,850 contracts.
Difference between OI of the two contracts was approx nil. And range
is of 100 points. that means market participants are confuse. This is the
chance of increase volatility.
Third and fourth session of last week FII and DII were on buy side.
But at last trading session Foreign Institutional Investors was on sale side,
net trade value was -75.78 Cr. And Domestic Institutional Investors bought
huge, the amount was 904.75 Cr.
Nifty Future is going to day
Vital resistance of the day is 11602, If Nifty future open above
this and cross 11622 then next resistance will be 11642. Single closing above
11684 quite chance to show 11830//11832 within this week.
If Nifty Future open around 11602 and fail to cross the level then
next vital support is 11533---11531.85. Will Nifty Future reverse from this
level?
Or will try to break 11512? In that case 11498 and 11469 will be
the crucial supports of the week.
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