Good Morning and Wish You a Happy Trading Session ….
From 14 December
written about the fall, and my predicted support level was 10499.95.Nifty
Future start to fall from 11006 and made low 10536, and reverse.
From 10536
Nifty Future rallied 10760. Look from last four sessions I am writing that end
of this down move (from 11006 to down) a sharp bounce back is possible. Yesterday
it jumped 2.08%.
Coming two days session will clear about the
RALLY.
Yesterday Institutional Investors have bought
1789.74 Cr. and sold 1709.46 Cr. net trades were +80.28 Cr.
And Domestic Institutional Investors have bought
2872.45 Cr. and sell of 3010.08 Cr. net trade values -137.63 Cr,
India VIX made high 17.4775 and low 14.8075 yesterday.
Advance and decline ratio of the Nifty was 36:14
Strike price of most active Nifty CALL was 10700;
OI was added 15, 94,500. And most active PUT was 10500; IO was 36, 71,475.
Key
Support-Resistance level of Nifty Future
Below 10735.85 Nifty Future will take next
support at 10658. Below 10581.75 crucial support and last hope for bulls are
10566.40
Above 10777 next vital resistance of the day are 10826.40.
Today’s
Overview:
If open below 10735 and start
to melt down then there may a correction for 1-2 days. Till Nifty Future is
above 10566, overall trend is up.
If this happened then it’s a great
chance for Bull to accumulate.
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