Good Morning and Wish You a Happy Trading Session ….
The day before yesterday I have written about the resistance 10680, yesterday Nifty
Future made day’s high 10680, and yesterday written about the fist support
10549, Nifty Future made day’s low at 10551.
After open at
green Nifty Future failed to hold the strength, and start to fall. Although the
fall was zigzag, but was slow and steady.
After making
low at 10030 Nifty Future is moving up very fast, but from last week the speed
decreased. This indicate a confusion among the investors.
Yesterday Foreign Institutional Investors have
bought 5516.81 Cr. and sold 5439.43 Cr. net trades was + 277.38 Cr., almost
average trade.
Domestic Institutional Investors have sold 5067.42
Cr. Against buy of 4795.18 Cr. net trade values -272.24 Cr, sum of last three
trading sessions sold amount is -1647.36 Cr.
India VIX made high 19.5075 and low 14.7700
yesterday.
Advance and decline ratio of the Nifty is 23:27, average
trade tendency.
Strike price of most active Nifty CALL was 10800,
open interest add 29, 29,725
But most active PUT was 10500, and Open Interest
was 25, 30,650
Key
Support-Resistance level of Nifty Future
Vital resistance of the day is 10652; if Nifty
Future fails to cross the hurdle then a sharp correct is on card.
If so happen then the correction may pull the
Index around 10429. And after that a zigzag move is quite possible.
Today’s
Overview:
Fail to cross 10652 then be
ready for a sharp intraday correction.
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