Tuesday, January 22, 2019

Nifty Trade View


stock analysis


Good Morning and Wish You a Happy Trading Session ….

The benchmark Index Nifty and Sensex rallied a significant move at the first session of the week. The rally was encouraged by Reliance Industries yesterday.

From last few days writing about the break out. Yesterday Nifty Future has come to close of the upper zone 11006 (which was made at 19.12.2018).



Yesterday Foreign Institutional Investors have bought 3646.69 Cr. and sold 3946.48 Cr. net trades were – 299.79 Cr.

And Domestic Institutional Investors have bought 3316.66 Cr. and sell of 2795.86 Cr. net trade values + 520.8 Cr,



 Yesterday INDIA VIX made high 18.3400 and low 14.3600

Advance and decline ratio of the Nifty was 17:33


Most active CE was 11,000, and OI was 32, 62,650. And active PUT strike was 10700, OI 36, 34,575.

hurdle

Key Support-Resistance level of Nifty Future

Crucial support range of the day is 10948----10944.85----10941.55, below 10902.85 the possibility of up-movement may become week.
Above 11006.80 Nifty Future will face next resistance at 11050.



Today’s Overview:

From day’s high mild intraday correction is possible.

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