Nifty Future at past Session
Good Morning and Wish You a Happy Trading Session
….
After opening yesterday total move was down side. A small reverse from 10931 to 11025 was just a part of a corrective move. From 11090 Nifty Future corrected 1.89% to 10880 yesterday.
After opening yesterday total move was down side. A small reverse from 10931 to 11025 was just a part of a corrective move. From 11090 Nifty Future corrected 1.89% to 10880 yesterday.
Present pattern showing that it is quite possible Nifty Future may
break recent low 10857. If it happened then more bloody correction is waiting
for investors.
Yesterday Foreign Institutional Investors have taken the role of
seller. Net trade value was -1550.04 Cr. although on Monday they have also sold
-1841.63 Cr.
On the other hand buy value of Domestic Institutional investor was
4785.31 Cr higher then sell value by +1402.47 Cr.
Yesterday’s high of volatility index was 18.64, near of Monday’s
high 18.8625. Once this index crosses 19.1000 levels then Nifty Future will
correct dramatically.
Any correction of India VIX below 15.1100 will indicated the change
of up move.
Most active call on Monday was 11200, open interest add 28, 30,200 contracts.
From Friday to Wednesday strike price 10200 (CE0 is most active.
And most active put was 10800.
Key Support-Resistance level of Nifty Future
Yesterday written about the support 10884, Nifty Future made low
10880. Today if Nifty Future breaks the strong support 10861 then will touch
10844 within couple of minutes.
Below 10834.65---10825 just wait to watch 10754/10751.
Vital resistance of the day is 10927.65----10931---10937.
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| Overview |
Today’s Overview:
Below 10853 PANIC may meltdown Nifty Future sharply to lower level.
If Nifty Future takes support above 10861 and reverse then
short covering will pull the Market above 11090.
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