Good Morning and Wish You a Happy
Trading Session ….
On last trading day of previous week Nifty Future made high 10632 and slowly made day’s low 10542. Movement was very slow through the session.
On last trading day of previous week Nifty Future made high 10632 and slowly made day’s low 10542. Movement was very slow through the session.
From couple of day writing about the rally, those
are regular read of my posting have noticed it. From 10030 Nifty Future already
made high 10632, net 602 points of rally.
But after predict the wave pattern it is clear that
the move will continue its journey more few sessions. And we can see Nifty
Future is touching 11179 levels just after Diwali.
But one factor is 10716. It closes about it then the
mentioned top is possible.
On Friday Foreign Institutional Investors have bought
9069.85 Cr. and sold 9266.75 Cr. net trade was -196.9 Cr.
Domestic Institutional Investors have sold
4315.38 Cr. Against buy of 5168.37 Cr.
India VIX made high 19.1925 and low 17.4850
yesterday. Now the zone is changing, but this Instruments show result too late.
Advance and decline ratio of the Nifty is 37:13
Strike price of most active Nifty CALL was 10700,
and turnover was 14, 02, 493 .39 laces.
But most active PUT was 10500, and turnover was
9, 80,889.90.lacs. From last few sessions most active PE was 10000, now it
change/jump to 10500 that a good sign for Bulls.
Key
Support-Resistance level of Nifty Future
Below 10542 next vital supports are 10521.76.
This is very vital support of the. If Nifty Future breaks this level then we
may see Nifty Future melting sharply to 10420.
Above 10665 Nifty Future will run to touch
10716.25. Once Nifty Future cross and close above the mention level then we may
see 10940-963.95 as next top. The move may continue more (will update timely)…..
Today’s
Overview:
From first half’s low a straight rally is on
card, those are holding short positions be cautious,
Don’t
jump to short….for short term…..
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