Nifty Future Trade

Nifty Yesterday’s Session

                                                         

Good Morning and Wish You a Happy Trading Session ….

Nifty Future has continued its fall-fall season for couple of days; although yesterday after making low 10909 Nifty Future has taken a bounce back to 11103.80.

Stock-Graph

After correcting 7.4959% from its life time high 11793 this bounce back is very hopeful but after showing its pattern not sure about the life of this bounce back. Nifty Future may corrected again towards 10861 if face tough hurdle today.

According to behavioral finance trader will jump to buy and will be trapped at higher level. Keep patience; wait at least today’s closing. 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

As like the day before yesterday, Foreign Institutional Investors were on sell side and Domestic Institutional Investors were on buy side.

Yesterday FII have trade maximum on sell side and the amount was -1231.7 Cr. and DII net traded on buy side of +2284.26 Cr.

It seems at a corrective move, the corrective patters are created by FIIs and recover pattern are being created by DIIs.

India VIX Snapshot

Yesterday I have written about the hurdle of India VIX 18.2900, at trading session it made high 18.3100 and start to fall to 16.2175. But till it running above 67% of 52 weeks high (24.0350).

Work of 25 Septm.

 Key Support-Resistance level of Nifty Future

Above 11132.49 Nifty Future may run to touch 11176.55. But this is not a long term buying scope. Closing above 11238 Nifty Future will confirm the buy opportunity. Wait till then.

Below 10888/10884 crucial support is 10861.

Today’s Overview:

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.

Work of 25 September:

Work-Pie Chart

There were four trades; out of this three has given profit. Profit was 136 points per lot.