Good Morning and Wish You a Happy Trading Session ….
After a flat
opening Nifty Future made day’s high 10709 at Friday. After that the index starts to melt down
slowly and touch 10636 as bottom of the day. End of session Nifty Future climbed
to 10907 again.
From last few
sessions volume is decreasing and Open Interest is increasing gradually. As a
result Nifty Future is moving zigzag, that is a confused market participant.
From 14th
November Nifty Future pattern is like a saw cutter; very close tops and
bottoms, although this type of market is not suitable for intraday trade.
At Friday Foreign Institutional Investors have
bought 5637.94 Cr. and sold 4793.12 Cr. net trades were +844.82 Cr. and Thursday’s
net trade were + 2043.06 Cr., huge buy after a long time.
Domestic Institutional Investors have sold
4238.31 Cr. Against buy of 3866.07 Cr. net trade values -372.24 Cr,
India VIX made high 18.8675 and low 16.8975
yesterday.
Advance and decline ratio of the Nifty is 31:19,
upmove trade tendency.
Strike price of most active Nifty CALL was 10800,
open interest add 34, 07,625
But most active PUT was 10500, and Open Interest
was 28, 05,975
Key
Support-Resistance level of Nifty Future
Vital resistance of the day is 10733/10734/10735.
Above this level next resistance is 10768.45---10771.95.
First support of the day is 10670.
Next
Top may be 10940.25---10963.95…
Today’s
Overview:
Movement will be zigzag. From
first hour’s high a small intraday correction is possible.
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