Nifty Future Tips

Good Morning and Wish You a Happy Trading Session ….

Yesterday after a flat opening Nifty Future start to melt and bottomed at 10111. And from this point it starts to run towards up and never take any down move. End of the session Nifty Future made high 10419.

The rally gave bull a relief, after a long correction this kind of pull-back is quite positive for investors. But after analyzing the wave pattern this is clear this pull back is not a long term rally.

Investors should be cautious at any stage of the up journey, especially when the index making a new top.

FII/FPI & DII trading activity on NSE, BSE and MSEI

Foreign Institutional Investors have bought at 8828.39 Cr and sold 9022.04 Cr. yesterday. Net trade value was -193.63 Cr. after 3.046% rally they were at sell side.

 Domestic Institutional Investors have sold 5177.01 Cr. Against buy of 4052.09 Cr.

India VIX Snapshot

India VIX made high 22.8150 and low 19.5750 yesterday. Increasing of premium when ever contract is going up it is indicating some this is wrong.

OI at Option Trading

Strike price of most active Nifty CALL was 10500, and turnover was 12, 64, 267 .77 laces.

But most active PUT was 10000, and turnover was 10, 44,703.15.lacs. From last few sessions most active put option is 10,000.

Key Support-Resistance level of Nifty Future

Above yesterday’s high Nifty Future will face next resistance at 10474.95---10488. After crossing this hurdle Nifty Future may run to 10582—10595.

If Nifty Future opens below 10419 then first support of the day is 10346.

After breaking 10303.75 Nifty Future may take crucial support at 10251.90.

Today’s Overview:

Opening below 10419 and stay below 10346 for a while may be the cause of an intraday correction.    

Work Sheet of 31 October’2018:

At 10:39 am sent sms to our Clients to Buy NF @10155 SL 10149 Target (Intraday) 10376/10412.

After 12 minutes Nifty Future made low 10153.85 and reverse, end of the day made high 10419.