Nifty Future – Nature of Motion - like “7”

Key Support-Resistance level of Nifty Future

 

 

§  First resistance of the day is 9459;

 

§  Crucial support is 8973.

Nifty Future Trend

Good Morning and Wish You a Happy Trading Session ….

After an average flat opening, Nifty Future runs to 10798.90 very steadily.

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

Yesterday Institutional Investors have bought 4177.05 Cr. and sold 5476.48 Cr. net trades were – 1299.43 Cr.

And Domestic Institutional Investors have bought 4215.09 Cr. and sell of 3093.8 Cr. net trade values + 1121.29 Cr,

India VIX Snapshot

India VIX made high 17.9450 and low 15.4175 on yesterday.

Advance and decline ratio of the Nifty was 46:4

OI at Option Trading

Strike price of most active Nifty CALL was 10800, OI was added 29, 65,575. And most active PUT was 10500, turnover was 13, 31,773.29 lacks.

Key Support-Resistance level of Nifty Future

Above 10881 Nifty Future will face tough hurdle at 10935.

Today’s Overview:

At opening may be some weakness can drag Nifty Future in to a small correction. But overall it will go up.

5 key points of Nifty Future Trend Reversal

Nifty Future Trade

                                                         

Good Morning and Wish You a Happy Trading Session ….

On Tuesday within 2 minutes of its’ opening Nifty future made a new high 11590 but fail to stay at Green, and continued as Red till 11558,   and almost end of the session made new life-time high 11592.

 

key points trade reversal

5 key points you should know before opening for profitable intraday trade:

1^st is Resistance of Nifty future

From last couple of days writing every day about new life time high, most probably today will not be an exception. First we have to look on 11598, may be Nifty Future open above 11611/11618. If happened then will touch 11642 within an hour.

Very vital resistances are 11728.54/11731.

2^nd is Support of Nifty future

Vital support of the day is 11609/11606, if Nifty Future touch one of this levels and able to stay above then it quite possible of sharp bounces back.

3^rd is Indian VIX

Write at every post how Indian VIX help to conclude the changing reversal. Told earlier increase of volatility means conflict between decision-between bulls and bears.

Monday’s high was 13.5500 and from there made low 11.3450, and of next session was 13.6350 to low 9.9275, decreasing lower band. That’s means low of volatility. And high chances to from a new high, BUT after that?

4^th is FII and DII Trade

Foreign Institutional Investors’ net trade (Buy value – Sell value) value was +254.25 Crores. And Domestic Institutional Investor’s net trade value 197.87 Crose on Tuesday’s session.

After a long time it is being to watch both the institution’s trade was at same direction. That is a good sign for Bulls.

 

mobile trading

5^th is Call – Put Option Open Interest

At last trading session maximum Call Option open interest was general on strike price 11600, and it was 34, 14000 contracts.

And maximum Put Option open interest was generated on 11400, and the contracts were 43, 50525.that data clearly meaning of a trading range 11600 to 11400 range.

Conclusion:

All above data is showing market is in a stable condition. And in favor of Bulls, but when everything is going good then there is something is to be wrong. Apart from all of this it is showing market is little overbought condition.

From the experiences of writing 1849 Blog post it is quite common to predict that from any resistance correction of 130+ points not be rules out.