Wednesday, January 23, 2019

Nifty Reversal Point


Netaji Subhash Cahndra Bose


Good Morning and Wish You a Happy Trading Session ….

Yesterday written from day’s high a mild correction is possible. After making day’s high at 10954 Nifty Future correct to 10880.

Overall trend was negative, but from day’s low 10880 the index rallied up to 10942.50.



Yesterday Foreign Institutional Investors have bought 5308.21 Cr. and sold 5386.74 Cr. net trades were – 78.53 Cr.

And Domestic Institutional Investors have bought 3342.42 Cr. and sell of 3426.57 Cr. net trade values – 84.15 Cr,



 Yesterday INDIA VIX made high 18.4725 and low 15.5100

Advance and decline ratio of the Nifty was 20:30


Most active CE was 11,000, and OI was 33, 75,000. And active PUT strike was 10800, OI 31, 85,025.

question mark

Key Support-Resistance level of Nifty Future

Vital support of the day is 10833. Below the mentioned level Nifty Future may take crucial support at 10819.75----10815.85.
Deadline of Bull move is 10720.

Vital resistance of the day is10953.15



Today’s Overview:

If able to sustain above the first support, then Nifty Future may take a bounce back.

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