Good Morning and Wish You a Happy Trading Session ….
After open at
red Nifty Future melt down slow but steadily, at downfall of 98 points session
Nifty Future has tried to recover some. But the initiative was as regular part
of a wave.
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.
After
analysis the wave structure it can be predict this is not time for fresh short
position. Keep in touch with our post.
Yesterday Foreign Institutional Investors have
bought 3278.92 Cr. and sold 4032.09 Cr. net trades were -753.17 Cr.
Domestic Institutional Investors have sold
2835.02 Cr. Against buy of 2790.96 Cr. net trade values -44.06 Cr,
India VIX made high 19.6475 and low 18.2525
yesterday.
Advance and decline ratio of the Nifty is 06:44,
Strike price of most active Nifty CALL was 10800,
open interest add 36, 14,100
But most active PUT was 10600, and Open Interest
was 26, 47,725,
Key
Support-Resistance level of Nifty Future
Below yesterday’s low vital support of the day are
10599.95, once Nifty Future start to trade below 10551 then Bear move will be
confirmed.
Vital resistance of the day is 10697---10702. If Nifty Future able to trade above (!) 10808 then wait for 10839 for fresh short.
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Today’s
Overview:
Yesterday written- “Those are
holding long be cautious, a sharp correction is on card.” Just look what happened.
The total session was
corrective only. Today from first half’s bottom an up move is possible.
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