Nifty Melting Session
Good Morning
and Wish You a Happy Trading Session ….
Nifty Future continued its fall-fall season at fifth consecutive days, yesterday’s fall was not as too sharp as Friday’s. But it was quite painful for Bulls. .
Nifty Future continued its fall-fall season at fifth consecutive days, yesterday’s fall was not as too sharp as Friday’s. But it was quite painful for Bulls. .
After making high 11185 at opening Nifty Future made its first
bottom at 11107. A small try of pull back Nifty Future to 11147, but failed
to stay and smoooooooooth fall to 11010 and after that 10969.
The main factors which drag
Nifty Future below 11000:
FII/FPI & DII trading activity on NSE, BSE and MSEI
Yesterday Foreign
Institutional Investors executed buy of 7589.48 Cr. and sold 8113.42 Cr. net
trade was -523.94 Cr. And Domestic Institutional investors have bought 5471 Cr.
against sell 3943.33 Cr. net trade was +1527.67 Cr.
Then at which sell-out market
has corrected? Of non-institutional or retails investors? Oh! Seleucus, what an
amazing country is INDIA.
India VIX Snapshot
Yesterday’s high was 17.8550.
And was 74% of 52 week high (24.0350). Above
18.29 it may be more powerful and would the provider of strength to drag Nifty
Future below 10861.
Most active contracts
Most active CALL was 11200, and
open interest was generate 29, 52,000 and most active PUT was 11000, contracts
was added 34, 00,200.
Key
Support-Resistance level of Nifty Future
Very vital resistance of the
day is 11070//11073(11072.60). If Nifty Future crosses it then 11096 would be
the relief point of Bulls.
Very vital support is 10890,
after breaking it if Nifty Future takes support at 10861 then a possibility of
reverse move is possible, but if break the level with volume then be ready for
pitch black correction.
Closing below 10798 would be
the cause of PANIC.
Today’s
Overview:
Now the question arrives, what
should be the reversal point, from where Bulls can take a fresh breath?
 |
| good trade |
Yesterday’s Nifty Option trade:
Yesterday at 10:10 am updated
our Clients to buy 10950 PUT (September expiry) @47 with 1st target
85 to 94.
10:12 am option made low 46.42
and reverse. Intraday high was 86.55
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