Nifty Future Fall
Good Morning and Wish You a Happy Trading Session
….
After a gap-down opening Nifty Future has continued the correction mode throughout the session. After an intraday correction of 1.37% from day’s high Nifty Future made low at 10246.
After a gap-down opening Nifty Future has continued the correction mode throughout the session. After an intraday correction of 1.37% from day’s high Nifty Future made low at 10246.
From day’s low the index reverse to 10324. After analysis the wave
move it is indicating a clear picture of corrective pattern. From nay
resistance I have mentioned below of this post Nifty Future may start a
correction.
At last trading session of the previous Foreign Institutional
Investors have bought 6916.01 Cr. and sold 7534.27 Cr. the net trade value was
-618.26 Cr.
Domestic Institutional
Investors have sold 4227.74 Cr. Against buy of 4225.6 Cr.
After a long time both the institutions have trade at same side.
At Friday high of India VIX was 20.0525 and low was 17.9800;
Above 22.0300 be cautious, next round of correction may take place.
Strike price of most active Nifty CALL was 10600, OI was 43, 56,825.
But most active PUT was 10000, and open interest was 33, 53,100. From
last few sessions most active put option is 10,000. And Nifty Future last
recent low is 10155,
Taking support around 10,000. If Nifty Future breaks the level then
Panic selling will be stronger.
Key Support-Resistance level of Nifty Future
Vital resistance of the day is 10355.45/10356. Above the level
tough hurdle to cross is 10375. This is not a bull phase, from any resistance
Nifty Future melt down sharply.
Below Friday’s low 10246 Nifty Future may take next support at
10197.52. After breaking 10155 Panic selling will pull down the Index around
9960----9629.
 |
| Support |
Today’s Overview:
From any resistance levels a sharp correction may took place;
 |
| Analysis |
at
long positions maintain strict stop losses. Below 10155 just see Panic selling
in the market.
No comments:
Post a Comment