Nifty Future Traded
Good Morning and Wish You a Happy Trading Session
….
Yesterday was the third consecutive day when Nifty Future / Market is melding continuously. All indexes were closed in red, as INR hit record low 71.57.
Yesterday was the third consecutive day when Nifty Future / Market is melding continuously. All indexes were closed in red, as INR hit record low 71.57.
At opening Nifty Future made high 11642 and melt down sharply to
11578, start to recover, but failed when making day’s high at 11649 and
straight fall to 11550. From the beginning market was volatile.
Indian VIX made high 13.8800, higher then yesterday high
13.3925. and today also volatility will be continue, if cross 14.2600 then you
may expect more sharp correction.
Although FII and DII were not responsible for the fall,
the net traded amount of Foreign Institutional Investors was +32.64 Cr. And of
Domestic Institutional Investors was -21.41 Cr.
From last 3 to 5 trading days we are writing about the correction
of 150 points. Nifty Future already melt-down 173 points. Before yesterday’s
low it may continue.
When uploading the post SGX Nifty was trading at 11557 (-0.22%).
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| group work |
Key Support-Resistance level of Nifty
future
Vital support of the day is 11540.70, if Nifty Future start to
trade below 11519.65 then wait for 11494.
From any support level Nifty future may take bounce back to 11593,
above 11611/11614 may jump to 11633.
At first half of the session there will be selling pressure, from
days low at 2nd half you may witness some recoveries.
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