Good Morning and Wish You a Happy Trading Session ….
After green
opening, Nifty Future made two tops, first at 10847 and finally 10882.20. From
both of the tops the Index take two intraday corrections.
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
4932.99 Cr. and sold 4257.85 Cr. net trades were +675.14 Cr.
And Domestic Institutional Investors have bought
3131.57 Cr. and sell of 3183.43 Cr. net trade values – 51.86 Cr,
India VIX made high 15.9050 and low 11.9125 on
yesterday.
Advance, decline and unchanged ratio of the Nifty
was 29:20:1
Strike price of most active Nifty CALL was 11000,
OI was added 49, 42, 350. And most active PUT was 10700; IO was 30, 18,600.
Key
Support-Resistance level of Nifty Future
Yesterday written about the first resistance
10881, Nifty
Future made high 10882.
Future made high 10882.
Today vital resistance is 10935----10937.65---10940.
And major support of the day is 10760.48 below
that 10733.
Today’s
Overview:
Yesterday written “At opening may be some weakness can drag Nifty Future in to a small correction. But overall it will go up. ”
What happened? Nifty Future made high 10847 and melt down to
10801, after that made high 10882.20 and melt down to 10777.30 but reverse
every time. At the end of the session Nifty Future again reverse up to 10842.
Today from days high a sharp
correction is quite possible.
No comments:
Post a Comment