Nifty Future at past Session
Good Morning and Wish You a Happy Trading Session
….
Monday written: “although this down linehas started from 11793, it seems Nifty Future has come to near of its bottom.(but don’t’ jump to buy now).”
Monday written: “although this down linehas started from 11793, it seems Nifty Future has come to near of its bottom.(but don’t’ jump to buy now).”
Just look what happened, Nifty Future made low 10857 (writing about
10861 from last few days’) and reverse 233 points, and make day’s high 11090.
Today it is going to be clear whether it was a bounce back or part
of the correction move (!). if it was a starting of bounce back then after a
intraday correction Nifty Future will form day’s high up then previous high
(11090).
Or if it was a part of correction, then we Nifty Future will break
recent low to form new lower support level.
On Monday buy value of Foreign Institutional Investors was 5687.74
Cr. lower then sell value by -1841.63 Cr. It seems FII were at the sell side. Although
the advance-decline ratio of Nifty 50 was 34:16.
On the other hand buy value of Domestic Institutional investor was
4948.82 Cr higher then sell value by +1804.94 Cr.
 |
| India VIX |
At past trading session after making a border line high 18.8625
India VIX made day’s low at 16.27. Today if volatility index make low around
15.1100 or break it then a sharp bounce back is quite possible.
Above 18.8625 it may run to form new low.
Most active call on Monday was 11200, open interest add 22, 52,625 contracts.
At last Friday this strike was most active, and Nifty Future made high 11090.
And most active put was 10800, contracts add was 31, 92,900.
Key Support-Resistance level of Nifty Future
Today below 11037/11034 Nifty Future will start to melt down, if stay
below this level minimum fifteen minutes then may melt to 10946.35.
Below 10911 will take a small bit of time to touch 10884.closing
below 10853-10840 Nifty Future may correct to 10751—10738.
Above Monday’s high (11090) next vital resistance is 11206.
Today’s Overview:
Nifty Future may take an intraday correction at beginning of the
session. If take a strong support at any of mention support level and start to
take a bounce back then may cross 11090.
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