Good Morning and Wish You a Happy Trading Session ….
On 4th
January Nifty Future made low 10678, hence Nifty Future trading within a range.
Tops are respectively 10898—10904—10898, and bottoms are 10758—10764.95.
Break-out of
the range will decide the next move.
Yesterday
Foreign Institutional Investors have bought 4018.48 Cr. and sold 4363.06 Cr.
net trades were – 344.58 Cr.
And Domestic
Institutional Investors have bought 3390.9 Cr. and sell of 3379.92 Cr. net
trade values + 10.98 Cr,
Yesterday
India VIX made high 15.6075 and low 14.1475.
Advance
and decline ratio of the Nifty was 20:30
Most
active CE was 11,000, and OI was 40, 91,175. And active PUT strike was 10800,
OI 26, 18,175
Key Support-Resistance level of Nifty Future
If
Nifty Future able to cross 10984.80 (recent high) then will face first
resistance at 11024.25.
Above
the mentioned hurdle the index will face next resistance at 11144.35.
Vital support
of the day is 10766.45—10764.95. If Nifty Future break 10678 then another round
of Panic will drag the index below recent low 10536.
Today’s Overview:
Break-out range will
decide the next move.
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