Good Morning and Wish You a Happy Trading Session ….
After a flat
opening Nifty Future very slowly touch 10632 and slipped to 10586, after that made day’s high at 10680
and again fail to sustain above. Melt won to 10616.
From couple weeks
movement of Nifty Future is very slow, at 31st October Nifty Future
made low 10111 and reverse to 10419, to total intraday rally of 308 points.
1st
November Nifty Future open at 10440 made low 10346 and reverse to 10447. Total journey
was of 195 points. But from couple of days this is very slow. And volume less
session never attracts day traders.
Yesterday Foreign Institutional Investors have bought
6077.91 Cr. and sold 4034.85 Cr. net trades was + 2043.06 Cr., huge buy after a
long time.
Domestic Institutional Investors have sold
3449.92 Cr. Against buy of 3284.61 Cr. net trade values -165.31 Cr,
India VIX made high 18.9150 and low 15.4975
yesterday.
Advance and decline ratio of the Nifty is 29:21,
average trade tendency.
Strike price of most active Nifty CALL was 10800,
open interest add 30, 59,775
But most active PUT was 10600, and Open Interest
was 18, 07,800
Key
Support-Resistance level of Nifty Future
Above yesterday’s high (10680) Nifty Future will
run to touch 10771.95.
Below 10608.85 next vital support of the day is
10546.65.
Today’s
Overview:
If open above 10616 and cross
10680 without break the low, then a sharp intraday rally is on card.
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