Good Morning and Wish You a Happy Trading Session ….
After an
average opening from day’s low 10771.30 Nifty Future bounce back to 10837 on
Friday.
After
analyzing the wave patter it is quite clear that a correction of 400 to 410 points
is on card.
On Friday Institutional Investors have bought
3722.25 Cr. and sold 2860.31 Cr. net trades were + 861.94 Cr.
And Domestic Institutional Investors have bought
2778.14 Cr. and sell of 3080.66 Cr. net trade values – 302.52 Cr,
India VIX made high 15.5975 and low 12.6725 on
Friday.
Advance and decline ratio of the Nifty was 29:21
Strike price of most active Nifty CALL was 11000,
OI was added 50, 40, 750. And most active PUT was 10700; IO was 34, 69,050.
Key
Support-Resistance level of Nifty Future
No change at Friday’s level. On Friday Nifty
Future move was range bound.
Today vital resistance is
10935----10937.65---10940.59
And major support of the day is 10760.48 below
that 10733.
Today’s Overview:
Today from days high a sharp
correction is quite possible.
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