Nifty Future today

Nifty at Yesterday’s Session

                                                         

Good Morning and Wish You a Happy Trading Session ….

Yesterday Nifty Future move to down slowly and steadily. Two attempt towards up was just part of corrective move.

predicting the market

At yesterday’s post I have written:

“From 25 September’s low 10909 to yesterday’s high 11149 the moving pattern is not too much hopeful for Investors. Quite possible of furthercorrection may take place to drag Nifty Future below 10909.”

And what happened? After making high at 11088 slowly Nifty Future has melt down to 10944.

Writing again:

According to behavioral finance trader will jump to buy and will be trapped at higher level. Till yesterday’s closing there is no sign of bounce back. Don’t mixed with bounce back and recover.

FII/FPI & DII trading activity on NSE, BSE and MSEI

Yesterday buy value of  Foreign Institutional Investors was 8870.72 Cr and sell value was 8318.25 Cr, they have bought around 552.44 Cr, opposite of their last three trading day’s strategy.

On the other hand Domestic Institutional Investors bought 6559.62 Cr. and sell 6746.31 Cr...They were on sell side.

don't rush to invest 

Key Support-Resistance level of Nifty Future

Above 11025 nifty Future may run to touch 11050, tough resistance of the day is 11089.

If Nifty Future starts to melt below 10911/10906 then wait for 10886/10881….

Crucial support is 10861.

Today’s Overview:

Overview is same as like as  last two days. After a long term correcting when it seems that market is oversold then a conflict, an irritation does work in the mind of investors. It is natural, the fear, fear of losses change act strongly.