Nifty Intraday Call

Good Morning and Wish You a Happy Trading Session ….

Just after opening Nifty Future made day’s low at 10460 yesterday. I have written about the support 10465. Through the session the Index only went up side with slow and steady move.

After making high at 10523.95 Nifty Future slipped to 10476, and reverse to making day’s high at 10632.

After predict the wave pattern it is clear that the move will continue its journey more. And we can see Nifty Future is touching 11179 very soon.

But one factor is 10716. It closes about it then the mentioned top is possible.

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

Yesterday Foreign Institutional Investors have bought 3408.13 Cr. and sold 3903.08 Cr. net trades was -494.95 Cr.

Domestic Institutional Investors have sold 2345.72 Cr. Against buy of 2681.5 Cr. net trade values -1037.84 Cr,

India VIX Snapshot

India VIX made high 19.6850 and low 17.1225 yesterday.

Advance and decline ratio of the Nifty is 41:09, Monday it was 09:41

OI at Option Trading

Strike price of most active Nifty CALL was 10600, open interest add 22, 68,075

But most active PUT was 10500, and turnover was 10, 44,685.46 lakes.

Key Support-Resistance level of Nifty Future

Above 10701/10703 Nifty Future will spark .Nifty Future will run to touch 10798 within couple of minutes.

Single closing above the mentioned level Nifty Future will run too face 10940---10963.95 as tough hurdle.

Vital support of the day is 10549, if breaks 10522.65 then Nifty Future may slip below 10460.

Crucial support may be 10403/10402.

Today’s Overview:

Yesterday written:

“Today from base a sharp bounce back is quite possible.”…….

Nifty Future made low 10460 and reverse to 10632, a sharp bounce back.

Today if fail to cross 10701 within first half then may start to melt down.