Nifty Future Trend

Good Morning and Wish You a Happy Trading Session ….

Yesterday after a green opening Nifty Future made high 10810.15 (I have written yesterday at early morning first resistance is 10810.75). After that sky was the limit, Nifty Future straight increased till 10882.90

Buy don’t accumulate long now (for mid-term), Nifty Future is near of its TOP.

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

Yesterday Foreign Institutional Investors have bought 8878.36 Cr. and sold 8054.89 Cr. net trades were +823.47 Cr.

And Domestic Institutional Investors have bought 7649.48 Cr. and sell of 6676.17 Cr. net trade values +973.39 Cr,

Both the institutions were largely on buy side.

India VIX Snapshot

India VIX made high 18.8500 and low 14.9300 yesterday.  Both the zone is decreasing.

Advance and decline ratio of the Nifty is 39:11

OI at Option Trading

Strike price of most active Nifty CALL was 10900, open interest add 43, 75,425

But most active PUT was 10700, and Open Interest was 38, 03, 325,

Key Support-Resistance level of Nifty Future

Above 10891 next vital resistance of the day are 10961…..now vital question is what the top is or where the life line will end of this move.

Today’s Overview:

First half’s movement will be straight; a sharp correction is on card.