Nifty Trade at last session
Good Morning
and Wish You a Happy Trading Session ….
Nifty Future continued its fall season at fourth consecutive days, and Friday’s fall was sudden and sharp. From intraday’s high 11385 Nifty Future fall 3.3377%, at last hour it recover 1.93% from day’s low 11005.
Nifty Future continued its fall season at fourth consecutive days, and Friday’s fall was sudden and sharp. From intraday’s high 11385 Nifty Future fall 3.3377%, at last hour it recover 1.93% from day’s low 11005.
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| Reversal Point |
Today’s Overview:
---14/09/2018
Today’s Overview:
“From
any resistance a sharp correction is possible. Don’t be trapped at higher
level”
---17/09/2018
Today’s Overview:
“Any
pull back is good opportunity to go short (intraday).Below 11458 markets is
week only” ----18/09/2018
Today’s Overview:
---21/09/2018
“At
12:34 pm Nifty Future made high 11385 and start to fall sharply,”
FII/FPI & DII trading activity on NSE, BSE and MSEI
Look at the volume was created
only by FIIs and DIIs, almost 3 times greater than average. FII bought at last
trading session 15442.5 Cr. against sell 14681.8 Cr. And Domestic Institutional
Investors have bought 6336.8 Cr. against sell 5839.05 Cr. both Institutions
were on buy side.
Opened at 14.0050 and made high
16.9200, and close at 15.5315. Indicating more fall. I have written several times
that increase of India VIX is signal of correction in Market.
Key
Support-Resistance level of Nifty Future
Above 11234 very vital
resistance is 11259(11258.72), if touch this level and fail to break then Bulls
be cautious. A sharp fall may take place. If cross the mentioned resistance
level and close above the level the may touch 11322 within two sessions.
Below 11155 may fall to 11058
without any support. Single closings below 11026/11024 just wait for 10861.
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| Overview |
From any resistance (out of
two) a sharp fall is quite possible. If cross 11259 then huge short covering
will pull back market steadily.
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