Good Morning and Wish You a Happy Trading Session ….
Yesterday I have
written small intraday correction is quite possible. But overall trend is up.
Nifty Future open at 10960 and made high 10984.80. After that the index starts
to melt down slowly. And made low is 10902.
After
analysis of wave pattern, it is quite clear that overall trend support a fresh
rally. This may form a life time high of the index.
Yesterday India VIX made high 16.1525 and low
14.6500.
Advance and decline ratio of the Nifty was 27:23
Most active CE was 11,000, and OI was 27, 28,425.
Key
Support-Resistance level of Nifty Future
Above 11077 next resistances are 11196.50. Once
Nifty Future crosses and close above 11196 then next Nifty Future may run to
12561.75 within this week.
Vital support of the first half is
10863.15---10856.50.
Today’s
Overview:
Although you may witness
small intraday correction but overall trend is up.
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