Good Morning and Wish You a Happy Trading Session ….
After a negative
opening Nifty Future made low at 10871(same as Monday) yesterday. And tried to
move up with very slow motion and day’s high was 10929.95.
Don’t accumulate
long position now (for mid-term); Nifty Future is near of its TOP.
Yesterday Foreign Institutional Investors have bought
5228.96 Cr. and sold 5284.85 Cr. net trades were -55.89 Cr.
And Domestic Institutional Investors have bought
2215.19 Cr. and sell of 2736.57 Cr. net trade values -521.38 Cr,
Both the institute was at sell side.
India VIX made high 19.6200 and low 16.9050 on
yesterday.
Advance and decline ratio of the Nifty is 24:26
Strike price of most active Nifty CALL was 11000,
turnover was 4, 98,002.04 lacks. And most active PUT was 10800, turnover was 4,
20,361.96 lacks.
Key
Support-Resistance level of Nifty Future
No
Change of levels, (mentioned yesterday).
Vital resistance of the day is 11002/11005----11010/10011.52,
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).
Now first support of the day is 10868/10864.
Today’s
Overview:
A sharp correction is on
card.
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