Good Morning and Wish You a Happy
Trading Session ….
Yesterday after a small gap up opening Nifty Future made its first top of the session at 10440. And start to melt slowly towards day’s low 10346. Although t last hour of trading, the Index made a new high at 10447.
Yesterday after a small gap up opening Nifty Future made its first top of the session at 10440. And start to melt slowly towards day’s low 10346. Although t last hour of trading, the Index made a new high at 10447.
Making new high at end of the session it indicate a
run to new high, but any gap-up opening and forming a top only show a slow and steady
correcting session.
Ooh...Foreign Institutional Investors are at buy
side, this happen rare at last couple of weeks, they have bought at 6312.69 Cr
And they have sold 5963.94 Cr. yesterday. Net
trade value was +348.75 Cr.
Domestic Institutional Investors have sold
3854.46 Cr. Against buy of 3345.49 Cr.
India VIX made high 20.1300 and low 18.8975
yesterday. From last 15 days the index moving within a zone, break out from the
zone will accelerate the move.
Advance and decline ratio of the Nifty is 25:24
Strike price of most active Nifty CALL was 10500,
and turnover was 8, 11, 440 .32 laces.
But most active PUT was 10000, and turnover was
8, 13,034.39.lacs. From last few sessions most active option zone10500 to
10000, break out of any will increase the activity of the Index.
Key
Support-Resistance level of Nifty Future
Above 10544 Nifty Future will run to touch
10599.95---10604.50. Once Nifty Future cross and close above the mention level
then we may see 10665 as next top.
If Nifty Future touches the mentioned hurdles
then support may be 10485/10480.belot this crucial support is 10393/10388.80.
Today’s
Overview:
Today if Nifty Future open at gap-up then touch
the top (I mentioned earlier) will start to trade at narrow rage. In case of
flat opening the Index will slowly form the Tops.
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