Good Morning and Wish You a Happy Trading Session ….
At last hour
of session (02:48 pm) we recommended our clients to go short Nifty Future
@10747 on Friday. Yesterday Nifty Future opens below 166 points of our entry.
Through the
session Nifty Future continue breaking the supports, and end of the session
made low 10500.
Yesterday Institutional Investors have bought
4041.44 Cr. and sold 3925.22 Cr. net trades were +116.22 Cr.
And Domestic Institutional Investors have bought
3585.42 Cr. and sell of 3731.22 Cr. net trade values -145.8 Cr,
India VIX made high 20.6450 and low 16.8900 on
yesterday.
Advance and decline and unchanged ratio of the
Nifty was 05:44:1
Strike price of most active Nifty CALL was 11000,
OI was 47, 65,425. And most active PUT was 10000, OI was 45, 42,525.
Key
Support-Resistance level of Nifty Future
Below 10497 vital supports is 10481.Crucial
support of the day is 10452.95. Closing below 10422 another round of Panic will
be start.
From first half of session a bounce back of 60 to
68 points is possible. And from days low a small rally of 150 points is quite
possible. But every up move is good opportunity to accumulate fresh short
positions.
Today’s
Overview:
Overall down, two intraday bounce
back is possible,
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