Good Morning and Wish You a Happy Trading Session ….
On Friday
after making day’s top at 10949.75 Nifty Future meltdown to 10855, although the
index tried to recover end of the session.
Today’s
session is very vital, it may clear that is Nifty Future is going to form TOP
or the rally will be continued.
Don’t accumulate
long position now (for mid-term), Nifty Future is near of its TOP.
On Friday Foreign Institutional Investors have bought
12172.21 Cr. and sold 12504.72 Cr. net trades were -332.62 Cr.
And Domestic Institutional Investors have bought
5015.36 Cr. and sell of 3525.71 Cr. net trade values +1489.65 Cr,
India VIX made high 19.9150 and low 16.8100 on
Friday.
Advance and decline ratio of the Nifty is 24:25
Strike price of most active Nifty CALL was 11000,
open interest add 25, 43,925
But most active PUT was 10800.
Key
Support-Resistance level of Nifty Future
Vital resistance of the day is
11002.34----11011.52, this hurdle is very vital, those are holding long book profit
of a major part.
This level may be a turning point (this is not
any recommendation).
Below 10877 next support is 10832.
Today’s
Overview:
A sharp correction is on
card.
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