Nifty Trading Tips

Nifty Future Traded

                                                         

Good Morning and Wish You a Happy Trading Session ….

Yesterday at 06:42 am uploaded the Post “Nifty Future Tips” and written about the vital and last-final resistance of the day 11775/11776. Nifty future made high 11775 and melt down 155 points.

 

analysis

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 this post SGX Nifty is trading around 11635 (+0.04%).

At last day’s fall participation of Foreign Institutional Investors ware very ;little, their net trade value was -21.13 Cr.  But the Domestic Institutional investors net trade value was -542.12 Cr.

Yesterday high of Indian VIX low was 13.7175, far above last week high 12.4075 and last month’s high 12.4800. That means volatility and correction may continue. 

 

Perfect picture

Key Support-Resistance level of Nifty future

If Nifty Future sleeps below 11595 then vital support may be 11569. Any bounce back from day’s low or short covering at low level may provide Nifty Future a fresh energy to pull back.

Vital resistance is 11657, above this tough hurdle of the day is 11739/11745.

Today’s Overview:

At opening there may be more sell pressure. At day’s bottom fresh buy and short covering and fresh buying is quite possible.

Ganesh Festival