Share Market Tips

Nifty Trade yesterday

                                                         

Good Morning and Wish You a Happy Trading Session ….

At the first day of expiry week Nifty Future continue the trend of making new high. Yesterday’s high was significant because after making fresh high 11712.90 it close at fresh high price 11705.35.start from the base 9960 Nifty future already run 17.57% to 11712.90.

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Indian VIX

On Friday low of India VIX was 9.4300, from Friday’s low 11541 Nifty Future jump higher 1.48947% to 11712.90 but VIX low was 9.5150, upper range from Friday’s low.

This is indicating Nifty is near of a Top of a mild correction is over-due.

FII and DII activities on NSE

 Yesterday Foreign Institutional Investor’s net trade value was 252.52 Cr. And Domestic Institutional Investor’s net trade was 1117.24 Cr. And at last two trading session DII’s net bought 2021.99 Cr. This is a key factor of increase of Nifty 1.4894% jump from Friday’s low to Monday’s high.

Most active Call and Puts.

At last trading session on Call side maximum open interest was generate was at the strike 11700 (28, 05,450). On the other hand most contract created on 11500 price (38, 54,750).

Today’s Overview:

After analyzing the three key factors it is clear that a mild correction is overdue. And this will be a healthy correction. Investors should start some profit booking a correction around 150 points is quite possible.

 

group work

Nifty Future is going to day

Very vital resistance of the day is 11766.77. above this Nifty Future may face tough hurdle at 11786-11789.and NF should make it’s high with in first hour of the session.

Nifty future may test support level at 11731/11727, below this 11706 it a vital support. Crucial support of the week (before expiry) is 11617/11615.

Yesterday’s Trade:

Yesterday at 01:39 pm we delivered the Call “Buy NF @11682 SL 11679 (just 3 points) Intraday target 11707 Positional Target #####”

Nifty Future Graph

Time Factor: 01:39 pm to 02:03 pm, 22 minutes to got the initiate the call.

Price Factor: Told to Buy @11682, NF made low 11681.68 and reverse.

Risk::Reward: SL was 3 points intraday Target was 25 points. 3::25=1::8.333