Good Morning and Wish You a Happy Trading Session ….
Yesterday’s
Nifty Future movement was very slow, but the index has shown the tendency of a
fresh rally.
From last
five sessions I am writing that end this fall (fall from 1106) chance of a
fresh rally is quite positive. Look what happened at last three sessions Nifty
Future jumped from 10536 to 10834.
Yesterday Institutional Investors have bought
5535.79 Cr. and sold 3803.88 Cr. net trades were +1731.91 Cr.
And Domestic Institutional Investors have bought
5731.12 Cr. and sell of 6394.12 Cr. net trade values - 663 Cr,
India VIX made high 16.3750 and low 1256.25 yesterday.
Advance and decline ratio of the Nifty was 27:23
Strike price of most active Nifty CALL was 10900;
OI was added 41, 97,000. And most active PUT was 10700; IO was 34, 01,400.
Key
Support-Resistance level of Nifty Future
Above 10893.50 immediate resistances is
10897/10899. Once Nifty Future crosses the mentioned level then next vital
resistance is 10951.58.
Today’s
Overview:
Although you may witness
small intraday correction but overall trend is up.
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