Nifty Tips Intraday

Good Morning and Wish You a Happy Trading Session ….

Yesterday after making high 10844, Nifty Future starts to melt down, and make intraday low at 10758. And reverse sharply. Near end of the session the index made high 10872.75.

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

Yesterday Foreign Institutional Investors have bought 3437.43 Cr. and sold 3991.21 Cr. net trades were – 553.78 Cr.

And Domestic Institutional Investors have bought 3343.63 Cr. and sell of 2645.66 Cr. net trade values + 698.17 Cr,

India VIX Snapshot

Yesterday India VIX made high 16.5725 and low 14.7350.

Advance and decline ratio of the Nifty was 24:26

OI at Option Trading

Most active CE was 11,000, and OI was 38, 61,150.

Key Support-Resistance level of Nifty Future

Below 10682.75 Nifty Future will start to melt to 10662.50. If NF stays below this level then another round of Panic selling may start.

Above 10897.85 next vital resistance of the day are 10915.60. Once Nifty Future able to close above 10955 then may run to higher of 11793 (lifetime time high).

Today’s Overview:

Below 10662 Nifty Future will become week.