Good Morning and Wish You a Happy Trading Session ….
Yesterday’s
trade was like a puzzle, opening at 10610.90Nifty Future made high 10631 after
that start to melt down to 10585, that was the bottom of the day. From this
point Nifty Future starts to move up.
End of the
session the index made high 10695. Where Nifty Future is going? Trying to cross
10779? If yes then why the move is zigzag? As regular up move why this is not
going?
All answer
will be clear today.
Yesterday Foreign Institutional Investors have bought
5654.3 Cr. and sold 4842.78 Cr. net trades were +811.52 Cr.
And Domestic Institutional Investors have sold
3338.93 Cr. Against buy of 337014 Cr. net trade values +31.21 Cr,
From last two days both the institutions are
buying more than selling.
India VIX made high 20.4025 and low 16.6050
yesterday.
Advance and decline ratio of the Nifty is 26:24
Strike price of most active Nifty CALL was 10700,
open interest add 26, 30,475
But most active PUT was 10500, and Open Interest
was 38, 39, 250,
Key
Support-Resistance level of Nifty Future
Above 10731 next resistance of the day are 10787…..now
vital question is what the top is or where the life line will end of this move.
Vital resistance may be 10810.75 or 10811
On the down side crucial support level of the day
is 10568….if break 10511.95 then Nifty Future will melt down below 10454-10450
within hours.
Today’s
Overview:
From days high a sharp
correction is on card.
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