Nifty at Yesterday’s Session
Good Morning and Wish You a Happy Trading Session
….
Nifty Future is going towards down with steady and zigzag move, although this down line have started from 11793, it seems Nifty Future has come to near of its bottom. (but don’t’ jump to buy now).
Nifty Future is going towards down with steady and zigzag move, although this down line have started from 11793, it seems Nifty Future has come to near of its bottom. (but don’t’ jump to buy now).
 |
| Oversold |
Last trading day of September and 1st trading day of October
expiry, opening was with positive nod, after making day’s high 11099 Nifty
Future failed to sustained at upside. And
melt down to 10892 at day’s low.
At last Thursday FIIs have bought around 552.44 Cr. but on Friday
they have sell a lot, and net trade volume was -1699.94 Cr.
On the other hand Domestic Institutional Investors bought huge. They
have bought 3256.34 Cr. it seems DIIs are expecting reverse of falling market.
At Friday high of India VIX was 17.6925. Market fall is continue
but VIX is not crossing its recent high 18.3100 (25.09.2018). That means is
going into the circle is entering into oversold zone.
Most active call on Friday was 11200, open interest add 24, 34,800
contracts.
And most active put was 10800, contracts add was 28, 29,375.
Key Support-Resistance level of Nifty Future
Above 10997 Nifty Future may run to touch 11017, tough resistance
of the day is 11048.
If Nifty Future starts to melt below 10861 then wait for a sharp
small timed correction. Closing below 10853—10840 Nifty Future may correct to
10751---10738.
Today’s Overview:
Overview is same as like last few days. After a long term
correcting when it seems that market is oversold then a conflict, an irritation
does work in the mind of investors. It is natural, the fear, fear of losses change act strongly.
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