Nifty Tips Today

Good Morning and Wish You a Happy Trading Session ….

For last four sessions Nifty Future is melting under selling pressure. At last trading session of last year Nifty Future made high 10984.80.

From then a slow but steady correction already lost 274.80 points, as yesterday the index made low 10710.

If Nifty Future able to stay above 10650, then a vital chance of sharp bounce back can hold Nifty Future to new high.

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

Yesterday Foreign Institutional Investors have bought 3941.51 Cr. and sold 4914.32 Cr. net trades were -972.81 Cr.

And Domestic Institutional Investors have bought 2835.58 Cr. and sell of 2801.06 Cr. net trade values + 34.52 Cr,

India VIX Snapshot

Yesterday India VIX made high 17.1475 and low 15.4350.

Advance and decline ratio of the Nifty was 08:42

OI at Option Trading

Most active CE was 11,000, and OI was 39, 11,325. And most active PUT 10500 and open interest was 39, 61,500

Key Support-Resistance level of Nifty Future

Yesterday written about  first support at 10707. Nifty Future was 10710.

Vital support of the day is 10674.90---10673.95. Below the mentioned level next supports of Nifty Future are 10666.95---10662.50. Crucial support of Nifty Future is 10650.52.

First resistance of the day is 10907.

Today’s Overview:

From day’s low chance of a bounce back is quite possible.