Nifty Trade at last session
Good Morning and Wish You a Happy Trading Session
….
After Wednesday’s last hour move and Friday’s steady up move Nifty Future able to recover 2.319% from 11297 to 11559. I have written at last two days ---“this up move may be a turning points” --: “from any resistance level a sharp correction is possible, don’t trapped at higher level”
After Wednesday’s last hour move and Friday’s steady up move Nifty Future able to recover 2.319% from 11297 to 11559. I have written at last two days ---“this up move may be a turning points” --: “from any resistance level a sharp correction is possible, don’t trapped at higher level”
Just look what happened, just look what happened, and within one
trading day Nifty Future melts down from 11559 to 11392.yesterday Nifty Future
never tried to take a bounce back, always move was ready to sleep below.
Yesterday Foreign Institutional Investors’ (FII) net trade value
was -106.54 Cr. and Domestic Institutional Investor’s (DII) net trade value was
-180.36 Cr. both intuitions were on sell side.
India VIX jump from 11.7300 to 14.6350, and was the strength
provider to correct the market. Today above 14.7800 and stay above then correction
may be steadier.
Key Support-Resistance level of Nifty Future
Below yesterday’s low 11372 Nifty Future may take next support at
11342, Single closing below 11325 may drag Nifty Future to 11224.
A bounce back from any support level may pull Nifty Future to
11392/11396, above this 11422/11427.
Today’s Overview:
Any pull back is good opportunity to go short (intraday).Below
11458 markets is week only.
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| Trade 17 Sep'2018 |
Trade of 17th September’2018:
Positional traders (Clients) are holding Nifty Future short
positions from 11445.60 with SL their entry.
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| Risk n Reward ratio |
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