Nifty Future Rally

Good Morning and Wish You a Happy Trading Session ….

From last three sessions Nifty Future is melting continuously. At 25^th and 28th of January 2019 written from day’s high s sharp correction is possible.

And yesterday I have written from day’s low Nifty Future may take a bounce back (intraday). Nifty Future made low 10597.70 and reverse to 10706.

FII/FPI & DII trading activity on NSE, BSE and MSEI

Yesterday Institutional Investors have bought 5958.38 Cr. and sold 6312.74 Cr. net trades were -354.36 Cr.

And Domestic Institutional Investors have bought 3740.77 Cr. and sell of 3639.5 Cr. net trade values +81.70 Cr,

India VIX Snapshot

 Yesterday INDIA VIX made high 19.7950 and low 18.0400 (increasing)

Advance and decline ratio of the Nifty was 31:19

OI at Option Trading

Most active CE was 10,900, and OI was 38, 33,175. And active PUT strike was 10500, OI 27, 01,950.

Key Support-Resistance level of Nifty Future

First resistance of the day is 10732.80….Above 10748 next vital resistances may be 10865.65

Below 10661 next supports are 10603. Once Nifty Future break 10597.70 then may melt down to 10549.30

Today’s Overview:

Mentioned 2^nd resistance may be the direction changer.