Nifty Trade Yesterday
Good Morning and Wish You a Happy Trading Session
….
There was no sign of reversal, from opening Nifty future was correcting sharply. Once have tries to recover from 11456 to 11497 but fail to cross 11500 and start the round of fall again.
There was no sign of reversal, from opening Nifty future was correcting sharply. Once have tries to recover from 11456 to 11497 but fail to cross 11500 and start the round of fall again.
The overall PANIC drag Nifty
Future to 11322, blood flow was continue till 2.798% fall from its recent high
11648.
Indian VIX is increasing continuously. Yesterday’s high was 15.4475,
greater than previous day’s high 15.3150.
Just look what Foreign Institutional Investors have down yesterday.
Their net 8015.47 Cr. against it they have sell 9469.83 Cr, net trade value
-1454.63 Cr. whereas Domestic Institutional Investors was on opposite direction,
they have bough greeter than sell, total value was 749.62 Cr.
Key Support-Resistance level of Nifty
future
Nifty future will try ti sustain above yesterday’s low 11322 at
opening, if it possible then Nifty Future will face tough hurdle at 11358/59. If
cross 11362---11368 level with volume then wait for a bounce back.
After Nifty Future sleep down below 11322 then next support is
11289.60.
Today’s Overview:
If fail to cross the resistance level mentioned above then try
Future will start to melt down and may take support at 11289.60. Never try to
catch a fallen knife.
Many small investors get trapped at reversal points. Always wait
for a good reversal points. Our posts always try to predict the level correctly
with the view of technical analysis.
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