Nifty Trade View

Good Morning and Wish You a Happy Trading Session ….

After flat opening Nifty Future meltdown to 10511.95, the bottom of the day. On Thursday early morning (at 07:07 am) updated Blog that vital support is 10516.

From last three days the conclusion of a bear move is being confirmed.

From its up journey from 10030 Nifty Future already rallied 7.47%. Now the question arise is Nifty Future near of the TOP, if so then a sharp bear move is waiting. Coming BEAR move may melt down Nifty Future near 9900 level.

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

As on 22 November, Foreign Institutional Investors have bought 3402.36 Cr. and sold 2956.12 Cr. net trades were +446.24 Cr.

And Domestic Institutional Investors have sold 2245.28 Cr. Against buy of 2294.96 Cr. net trade values +49.68 Cr,

India VIX Snapshot

India VIX made high 20.0025 and low 17.0875 yesterday.  

Advance and decline ratio of the Nifty is 10:40

OI at Option Trading

Strike price of most active Nifty CALL was 10700, open interest add 38, 06,250

But most active PUT was 10500, and Open Interest was 29, 78,550,

Key Support-Resistance level of Nifty Future

Above 10561/10565 vital resistance of the day is 10604.45…..

On the down side Crucial support level of the day is 10454---10450.95….

Today’s Overview:

From first half’s high a sharp correction is on card.