Nifty Future Tips

Nifty Future Traded

                                                         

Good Morning and Wish You a Happy Trading Session ….

After opening on a positive node and making a new life time high Nifty Future failed to sustain the bullish mood on the 1^st day of September expiry. After starting a bull move from 10556.95 on 28^th June’2018 Nifty future made a journey of 11.71% after making high 11793 on Friday.

 

Mobile Traeding

At post Nifty Future Tips (on 29 August) and at post NiftyTrading Today (on 30 August) have written about the correction of 150 points, on Friday’s session Nifty Future melt down 107 points fit’s day-high 11793.

On Friday Foreign Institutional Investors was on sell side, their net trade value was -212.81 Cr. But the Domestic Institutional investors were on buy side, the net traded value is +171.92 Cr. the effect was mixed that means contradictory and market fall sharply.

On 24^th August’2018 Indian VIX low was 9.4300 and on Friday it made high 12.7975, it is increasing, that means increase of volatility. It suggests increase the chance of correction.

at last trading session of the week most active call option strike was 11800, the contract was generated 27,43,050. And most active put option was 11600, open interest was generated 32, 42,175. That suggest of market range will be between 11800 to 11600 on Monday to Tuesday sessions.

Key Support-Resistance level of Nifty future

If Nifty Future able to sustain above the support level 11686 at opening then may run to touch 11751 and very vital resistance is 11775.90/11776. Once cross 11793 will volume then may run towards 11913 this week.

On the down side below 11663.80 key support levels is 11643.60-11642.

 

Analysis

Today’s Overview:

After analysis the vital key points it may be suggested that at opening there will be a up-move to near life time high. From there a sharp intraday correction not be ruled out. Till now there is no sign of long term bear move.