Good Morning and Wish You a Happy Trading Session ….
That was
4th day, Nifty Future moving upward continuously. From 10602 the
index touched 10896.90 yesterday.
After analyzing
the wave pattern it may be predicted that the rally may continue.
Yesterday
Institutional Investors have bought 7076.26 Cr. and sold 4941.91 Cr. net trades
were + 2134.35 Cr.
And Domestic
Institutional Investors have bought 3363.37 Cr. and sell of 5109.77 Cr. net
trade values – 1746.4 Cr,
Yesterday INDIA VIX made high 16.0350 and low
11.7000
Advance
and decline ratio of the Nifty was 36:14
Most
active CE was 11,000, and OI was 38, 40,900 and most active PE was 10,700. And
OI was 35, 43,600.
Key Support-Resistance level of Nifty Future
Yesterday written about the 1st resistance 10891.90, Nifty future made high
10896.90.
Written
about the vital resistance of Nifty Future is 10953/10954. SGX Nifty made high
10950.
Above 10929
vital resistance of the day is 10953.55---10954.50. This rally may continue to
11053.
From
days high a correction of 60 to 64 points is possible.
Today’s Overview:
Yesterday written”Overall
trend is up ward”, from day’s low 10802 Nifty Future run straight upward.
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