Nifty Trading Today

Nifty n Stocks Traded

                                                         

Good Morning and Wish You a Happy Trading Session ….

Yesterday also Nifty has performed its’ duty to make new fresh high at 11763.85.After flat opening at 11751 NF made low 11732 and suddenly bounce back to form a new high 11763.85 and start to correct. At last trade of the session Nifty Future correct to (3:17 pm) 11693.

Analyst

As Open Interest was decreasing continuously, first day of the week was 29527350 contracts, and on yesterday it was 16203375, although this is very common just before the derivative expiry.

Yesterday Foreign Institutional investors were at sell side, their total sell value is -1415.87 Cr. And Domestic Institutional Investors have tried to balance the position by huge buying. The buy value was 1114.36 Cr.

Low of India VIX was 9.4300 and 9.5150 on Friday and Monday respectively. On Wednesday it increased to 10.7250, you have noticed how volatility was increased and a intraday correction was took place.  

 

at Office

Today’s Overview:

After analyzing the present situation it can be predicted that from a certain level Market can re-bounce towards new high. But a correction of approx. 150 points can’t be ruled out.

Nifty Future is going to day

First resistance of the day is 11748.40--11749.50, if Nifty Future able to trading today 11756.65 then sudden buy volume will be the provider of acceleration to cross 11766.77. Single closing above the level Nifty Future will run to touch 11913 at next week.

Crucial support zone is 11684.25---11683.40, Nifty Future may halt there, if so happen then a bounce back is quite possible. Last hope for Bull is 11642.

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On 28^th August written 1^st resistance is 11766.77, Nifty Future made high 11761.70 and melt to 11715, and also written on 29^th August about the same resistance. Nifty Future made high 11763.85 and break 71 points sharply.