Good Morning and Wish You a Happy Trading Session ….
At last two
sessions of the previous week Nifty Future run 137 points up ward. After three
step of top, Nifty Future touched 10747.95 as day’s high.
Is this
starting of rally or just part of a corrective wave? Today’s session will clear
it. The pattern of the move which rallied from 10611 to 10747.95 was corrective
type.
Friday Foreign Institutional Investors have bought
3651.38 Cr. and sold 4468.78 Cr. net trades were -817.04 Cr.
And Domestic Institutional Investors have bought
3045.72 Cr. and sell of 2803.16 Cr. net trade values +242.56 Cr,
India VIX made high 19.6275 and low 15.9825 on
Friday.
Advance and decline ratio of the Nifty was 33:17;
Strike price of most active Nifty CALL was 11000,
OI was 37, 13,125. And most active PUT was 10500, OI was 35, 44,800.
Key
Support-Resistance level of Nifty Future
Last hope for Bulls is 10665/10663…..below
this???
Intraday support of Nifty Future is 10618, below
this next support is 10564.65; closing below 10539 will increase the chance to
take support at 10497.
Vital support of Nifty Future for the first part
of week is 10497; below this crucial support are 10452.95.
Today’s
Overview:
Open below 10665/10663 sharp
correction is on card.
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