Good Morning and Wish You a Happy Trading Session ….
At last
two sessions rally pull up Nifty Future from 10602 to 10833. Movement was very
slow through the day, but direction was significantly one sided.
Watching
the wave pattern it is almost clear that rally is a part of a correction. Therefore
don’t’ be trapped at higher level.
Yesterday
Institutional Investors have bought 4872.17 Cr. and sold 4816.69 Cr. net trades
were + 55.48 Cr.
And Domestic
Institutional Investors have bought 2465.24 Cr. and sell of 2263.14 Cr. net
trade values + 202.1 Cr,
Yesterday INDIA VIX made high 17.1725 and low
12.1275
Advance
and decline ratio of the Nifty was 36:14
Most
active CE was 10,800, and OI was 26, 66,250 and most active PE was 10,700. And
OI was 27, 94,875.
Key Support-Resistance level of Nifty Future
If
Nifty Future open around 10813.60 and fail to cross 10833 then may take support
at 10749---10735.
Vital
resistance is 10903.50.
Today’s Overview:
From first half’s low up
move and from day’s high sharp correction.
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