Good Morning and Wish You a Happy Trading Session ….
The Nifty
Future plunged 107 points on Monday, from last 3 trading days it lost 3.14%
from its recent high.
From 14 December I am writing about the fall down.
I have written several times that wave patter seems over bought, within three sessions Nifty Future felt down 346
points.
This is not the end; more correction in the
market is over dew. But BULLs are no need to be
panic. From bottom of this move a fresh rally may touch a new life-time
high.
On Monday Institutional Investors have bought
1732.56 Cr. and sold 2309.66 Cr. net trades were -577.1 Cr.
And Domestic Institutional Investors have bought
2076.76 Cr. and sell of 1890.62 Cr. net trade values +186.14 Cr,
India VIX made high 17.1325 and low 14.8975 on
Monday.
Advance and decline ratio of the Nifty was 14:36
Strike price of most active Nifty CALL was 11000;
OI was added 57, 99,300. And most active PUT was 10500; IO was 32, 05,575.
Key
Support-Resistance level of Nifty Future
If open below 10641.60 Nifty Future will take
first support at 10587.60---10579.75.below 10526.45---10513.95 band crucial supports
are 10499.95.
First resistance of Nifty Future is
10630----10638.
Today’s Overview:
Two to three small bounce
back (intraday small up move) is quite possible. But till crucial support
overall trend is down.
No comments:
Post a Comment