Nifty Intraday Tips

Key Support-Resistance level of Nifty Future

·        Vital resistance  of Nifty Future  is 12060.35;

·        If Nifty Future start to trade above 12082.45, then the index may try to cross recent high 12174.90.

·        Below 11802.85 crucial support of Nifty Future are 11786.

Nifty Option Mantra

Key Support-Resistance level of Nifty Future

If Nifty Future able to sustain above 11077 then next resistance of the day is 11103.30;

Vital resistance is 11166.80.

Below 11077 fall mat continue till 4^th August.

Nifty Future Live

Good Morning and Wish You a Happy Trading Session ….

At Friday Nifty Future opened with red and made days low at 10571. From this poin Nifty Future started to move up. After a small bounce back the index made high 10643.95.

Through the day move was slow and zigzag, live data showing mixed reaction before touching top for the time beings.

From couple of day writing about the rally, those are regular read of my posts have noticed it. From 10030 Nifty Future already made high 10648, net 618 points of rally.

But after predict the wave pattern it is clear that the move will continue its journey more. And we can see Nifty Future is touching 11179 very soon.

But one factor is 10716. It closes about it then the mentioned top is possible.

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

Last Friday Foreign Institutional Investors have bought 6394.98 Cr. and sold 5780.84 Cr. net trade was +614.14 Cr.

Domestic Institutional Investors have sold 3377.08 Cr. Against buy of 3039.98 Cr. net trade values -337.28

India VIX Snapshot

India VIX made high 18.7550 and low 16.7550 yesterday. Volatility is moving within a range from couple of days. It may happen for decreasing volume or mixed reaction of market precipitance.

Advance and decline ratio of the Nifty is 28:22 that means a mix reaction is flowing though the mind of investors.

OI at Option Trading

Strike price of most active Nifty CALL was 10800, open interest add 26, 84,475

But most active PUT was 10500, and Open Interest was 22, 88,025

Open position of Nifty Future is increasing from last nine days, but volume or market participation is decreasing.

Key Support-Resistance level of Nifty Future

Above 10655 very vital resistances are 10665. Once Nifty Future crosses 10680 then will jump to hit 10716 with in the session.

Very vital support of the day is 10587.55. Once Nifty Future breaks 10571 then will melt down to 10539.

Today’s Overview:

From any of days high a small term (2-3 days) correction is quite possible.

Nifty Intraday Tips

Nifty Future Rally

                                                         

Good Morning and Wish You a Happy Trading Session ….

On Friday after a gap up opening Nifty Future was able to make top above 10500 (top was 10508.90). But the index failed to sustain above the level, an intraday correction pull down Nifty Future to 10452.

Trading

                     

Further attempt to cross the day’s high failed, when Nifty Future after touch high 10504 melt to 10474.

Although within two session Nifty Future rallied around 354 points (from low 10155). But the panic feelings are active in the mind of investors. Only one question is circulating at every bite of second what retail investors should do now.

Diversify their investment to a secure pocket or hold and watch. After analyze the wave structure it seems this is the beginning, whole picture is remaining.

 

U-turn

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

As usual sell value of their trade was higher than by buy value by -1322.13 Cr.   Foreign Institutional Investors are continuously maintaining the selling pressure at market.

 From 01 October to till the last session of this month FIIs have net sold -19557.50 Cr.

 Domestic Institutional Investors have bought 4564.80 Cr. Against sell of 3277.51 Cr.

India VIX Snapshot

At Friday’s session Advance-decline ration of Nifty 50 was 46:4, despite this India VIX made high 20.5475, higher than previous day’s high ( high was 20.1450).

It is indicating another round of Panic may be on card.

OI at Option Trading

Strike price of most active Nifty CALL was 10600, OI was 24, 27,825. But most active PUT was 10000, and the open interest was 42, 08,250

Key Support-Resistance level of Nifty Future

 

resistance

First resistance of the day is 10527.40, cross or closing above 10546 Nifty Future may run to touch 10583/10586. This resistance may be the turning point of the rally which has started from 10155.

Vital support of the day is 10468/10460; below 10337 crucial support is 10321.

At opening if fail to open above Friday’s high 10508.90, then Nifty Future may meltdown to 10307.

 

support

Single closing below 10092 Nifty Future may melt down to 10028/9055.

Today’s Overview:

From any resistance levels (which I have predicted) a sharp correction may took place, at long positions maintain strict stop losses. Once Nifty Future break 10321, then another round of PANIC may melt down the index below 10155.

Nifty Live Price

Nifty at Yesterday’s Session

                                                         

Good Morning and Wish You a Happy Trading Session ….

After continuous correction Nifty Future has given some oxygen to Bulls buy a part recovery, although total move was zigzag. After making intraday high 11149 Nifty Future correct intraday at 11001. From there Nifty Future start to move up.

live-price

From 25 September’s low 10909 to yesterday’s high 11149 the moving pattern is not too much hopeful for Investors. Quite possible of further correction may take place to drag Nifty Future below 10909.

According to behavioral finance trader will jump to buy and will be trapped at higher level. Till yesterday’s closing there is no sign of bounce back. Don’t mixed with bounce back and recover.

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

Trading strategy of FIIs and DIIs is same from last three days. Foreign Institutional Investors were on sell side and, yesterday their net trade value was -809.95 Cr.

At opposite side Domestic Institutional Investors were on buy side. They have bought (net trade) was 1555.44 Cr.

VIX

India VIX Snapshot

India volatility index is now cool on the basis of its some day’s high movement. But any time it may be aggressive to be the provider of strength to fall the market.

Key Support-Resistance level of Nifty Future

Above 11177 Nifty Future will run to touch 11196/99 level within few minutes.  And 11213/11214/11215 zone will act as tough hurdle. May be we can see this level on October expiry.

Below 10888/10884 crucial support is 10861.

Prediction

Today’s Overview:

After a long term correcting when it seems that market is oversold then a conflict, an irritation does work in the mind of investors. It is natural, the fear, fear of losses change act strongly.

85+119 = 204 Points

Last two day’s profit 85+119 = 204 points Single Lot

119 points profit

85 points profit

Share Market Tips

Nifty Trade yesterday

                                                         

Good Morning and Wish You a Happy Trading Session ….

At the first day of expiry week Nifty Future continue the trend of making new high. Yesterday’s high was significant because after making fresh high 11712.90 it close at fresh high price 11705.35.start from the base 9960 Nifty future already run 17.57% to 11712.90.

stock-market-banner.jpg

Indian VIX

On Friday low of India VIX was 9.4300, from Friday’s low 11541 Nifty Future jump higher 1.48947% to 11712.90 but VIX low was 9.5150, upper range from Friday’s low.

This is indicating Nifty is near of a Top of a mild correction is over-due.

FII and DII activities on NSE

 Yesterday Foreign Institutional Investor’s net trade value was 252.52 Cr. And Domestic Institutional Investor’s net trade was 1117.24 Cr. And at last two trading session DII’s net bought 2021.99 Cr. This is a key factor of increase of Nifty 1.4894% jump from Friday’s low to Monday’s high.

Most active Call and Puts.

At last trading session on Call side maximum open interest was generate was at the strike 11700 (28, 05,450). On the other hand most contract created on 11500 price (38, 54,750).

Today’s Overview:

After analyzing the three key factors it is clear that a mild correction is overdue. And this will be a healthy correction. Investors should start some profit booking a correction around 150 points is quite possible.

 

group work

Nifty Future is going to day

Very vital resistance of the day is 11766.77. above this Nifty Future may face tough hurdle at 11786-11789.and NF should make it’s high with in first hour of the session.

Nifty future may test support level at 11731/11727, below this 11706 it a vital support. Crucial support of the week (before expiry) is 11617/11615.

Yesterday’s Trade:

Yesterday at 01:39 pm we delivered the Call “Buy NF @11682 SL 11679 (just 3 points) Intraday target 11707 Positional Target #####”

Nifty Future Graph

Time Factor: 01:39 pm to 02:03 pm, 22 minutes to got the initiate the call.

Price Factor: Told to Buy @11682, NF made low 11681.68 and reverse.

Risk::Reward: SL was 3 points intraday Target was 25 points. 3::25=1::8.333

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.