Good Morning and Wish You a Happy Trading Session ….
After an
average opening, Nifty Future made high 10924. From couple of days the Index
moving very small, and looking over bought.
After
analyzing the wave patter it is quite clear that a correction of 400 to 410 points
is on card.
Yesterday Institutional Investors have bought
3220.76 Cr. and sold 3281.71 Cr. net trades were -60.95 Cr.
And Domestic Institutional Investors have bought
2421.03 Cr. and sell of 2497.87 Cr. net trade values – 76.84 Cr,
India VIX made high 15.9125 and low 13.8675 on
yesterday.
Advance and decline ratio of the Nifty was 34:14
Strike price of most active Nifty CALL was 11000,
OI was added 44, 42, 175. And most active PUT was 10800; IO was 41, 18,475.
Key
Support-Resistance level of Nifty Future
Today vital resistance is 10935(10934.55) ----10937.65---10940.59
And major support of the day is 10805.75 below
that 10792.65.
Today’s
Overview:
If open below yesterday’s
high (10924) and fail to cross the hurdle within one hour of opening then a
sharp correction quite possible.
If open around the hurdle and
cross the level then may run small to touch mention resistance.
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