Good Morning and Wish You a Happy Trading Session ….
From 1st November’2018 writing about that next TOP is going to be 10665, and from
this hurdle 2-3 days correction is on card. Look what happened, yesterday Nifty
Future made high 10664.60 and melt down 175 points.
After a flat
opening Nifty Future hit 10664.60 and start to fall straight, after making base
at 10585 it tried recover some, but it was part of a move.
At the end of
the day Nifty Future made low 10490.
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.
Yesterday
Foreign Institutional Investors have bought 4499.38 Cr. and sold 3667.23 Cr.
net trade was + 832.15, at last two trading sessions FII total bought +1446.29
Cr.
Domestic
Institutional Investors have sold 3128.32 Cr. Against buy of 2054.38 Cr. net
trade values -1037.84 Cr, sum of last two trading sessions sold amount is -1375.12
Cr.
India
VIX made high 19.4625 and low 16.4750 yesterday.
Advance
and decline ratio of the Nifty is 09:41
Strike
price of most active Nifty CALL was 10700, open interest add 31, 09,050
But
most active PUT was 10500, and Open Interest was 21, 60,675
Open
position of Nifty Future is increasing from last nine days, but volume or
market participation is decreasing.
f
Key Support-Resistance level of Nifty Future
Above
10535 very vital resistances are 10568. Once Nifty Future crosses 10680 then
will jump to hit 10716 with in the session.
Below
yesterday’s low (10490) vital support is 10465, Crucial support of the day is
10442.
Today’s Overview:
Yesterday written:
Look what happened, after
making top at 10665 it starts to melt down and made base 10490.
Today from base a sharp
bounce back is quite possible.
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