Nifty
Future Trend – broken rally
Good Morning and Wish You a Happy Trading Session
….
From last three sessions Nifty Future is going upwards. From 10212 it reverses 2.72%. From very beginning the wave pattern shows that it was not a bull move. Total movement of last session was upwards,
From last three sessions Nifty Future is going upwards. From 10212 it reverses 2.72%. From very beginning the wave pattern shows that it was not a bull move. Total movement of last session was upwards,
Never show any weakness and made intraday high 10489 (I have
predicted 10485).
Advance and decline ratio of Nifty 50 was 42:8. After that a sudden
fall will be a great surprise to bulls.
“After this rally (intraday) question arise, is Nifty Future
bottomed for the time being or this is a part of relief for Bulls.
Or, this is good opportunity for Bears to go short again?”
As usual Foreign Institutional Investors were at sell side
yesterday. They have sold 7072.93 Cr. against 5976.88 Cr. of buying.
From 01 October FIIs have net sold -15365.96 Cr.
Domestic Institutional
Investors have bought 5347.23 Cr. against selling of 3454.29 Cr.
Yesterday India VIX made high 19.7550 as the market was moving up.
The index is moving almost near of its 52 week high (24.0350). If
today cross 22.97 then be ready for another round of PANIC.
Key Support-Resistance level of Nifty Future
Yesterday written about the vital resistance 10485, Nifty Future made high 10489.
Today below 10439/10414 vital support is 10430, If Nifty Future
open below 10310 then next support is 10282/10270.
Single closing below 10092 Nifty Future may melt down to 10028/9055.
Above 10576.60/10577.80 Nifty Future may run to touch 10614.55.
Today’s Overview:
Yesterday written:
Although market was going up from last three sessions, but I have
written continuously this is not a rally, is a part of correction.
SGX Nifty at night session was down by 1.99% (-209 points). Today below
10310 there will be overall panic.
Work of 10 October’2018
There was four calls, two out of four got stop losses triggered,
and rest achieved the target. Total profit was +51 -2 -2 +53 = 100 points/lot.
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