Market Melting - Nifty Future
Melting
Good Morning and Wish You a Happy Trading Session
….
Every Index, equity is melting except India VIX. Nifty Future already melted 1200 points from life time high 11793. Fall of 10.18% within 23 trading sessions is the point where investors should be captious.
Every Index, equity is melting except India VIX. Nifty Future already melted 1200 points from life time high 11793. Fall of 10.18% within 23 trading sessions is the point where investors should be captious.
If Nifty Future anyhow closes below 10308 then the correction will
turn to the black picture of 2008 – the great recession.
Yesterday Foreign Institutional Investors have sold 8148.12 Cr. and
net trade value was -2760.63 Cr. From 01 October FIIs have net sold -7852.24
Cr. this is an alarming issue.
Although net trade value of Domestic Institutional Investors is
1823.59 Cr. but this buy failed to resist the fall.
Yesterday written: “Once this index crosses 19.1000 levels then Nifty Future will correct dramatically”
Yesterday India VIX made high 19.68 and markets melt like a piece of Ice under the
sun.
Most active PUT strike was 10500. And the contact added 44, 45,175.
Key Support-Resistance level of Nifty Future
Today below 10585 Nifty Future may take support at 10472—10460. From
any support level Nifty future make a bounce back, but it will be a part of
correction.
Nifty Future may face first resistance at 10699, above 10789 tough huddle
is 10818---10875.
Today’s Overview:
At any reverse don’t jump to buy at long term view.
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