Nifty Trading Tips

Nifty Future Traded

                                                         

Good Morning and Wish You a Happy Trading Session ….

After opening at gap-down Nifty Future continue its red journey to more deep red. Nifty Future made first low at 11486, lower by 1.39% from previous day’s high 11648.

stock-chart

Have tried a small recover but failed and made low. I have written several time continuous increase of volatility is a symbol of coming fall. Closing near new intraday low indicated more correction is pending.

WOW…..Indian VIX is 15.3150, increasing strongly. Means more low is due to be show. Index increased by 10.25% then yesterday’s high 13.8900.

Just look at Institutional Investor’s yesterday trade value. FII have bitten the market heavily, their net trade value was -841.68 CR, and DII have followed FII by selling by -289.66 Cr.

Sentiment of USA-China trade war and dramatic fall of rupee at 72.45 were the main cause of this fall. INR issue is more critical, no sign of recovery. Small investors don’t panic and wait at side line for a while, and wait for a good bottom to enter.

Strike 11400 PE made maximum Open Interest, contacts was 44, 29,575. Is very meaningful, Nifty future may break down below 11400 levels.

Key Support-Resistance level of Nifty future

At first couple of hours Nifty Future may take support at 11436. Below that vital support is 11416.Single closing below 11408 Nifty Future may meltdown to 11290.

analysis

Will try to take a reverse from any support level and in that case vital resistance is 11493/94. After crossing above 11533 Nifty Future will gain its strength.

Today’s Overview:

Intraday traders trade with strict stop losses, never average any losing trade with hope one day it will recover. If you do this mistake, then definitely one day market will recover, but you will be not capable to trade then.