Nifty Trading – 3rd Sep’ 2020

 

Hi Friends,

 

Good Morning,

First crucial support is 11471/11470.50;

Very vital resistance of the day is 11647.35 OR 11658.55;

 

# From day’s high a sharp correction may pull Nifty Future around 178 points down.

Disclaimer: This level is only for watch the market, not to trade. Before investment/trading please consult your advisor.

 

Note: We will meet on my YouTube channel within a very short period.

Nifty Tomorrow – 18th August’2020

 

Hi Friends,

 

Good Morning,

Today Nifty Future may face 1^st resistance around 11328;

If the index cross this level with volume,

Then we may witness a sharp spark to 11363.

Vital support of Nifty Future is 11212,

Single closing below 11026,

The index will take crucial support at 10649.95 within 20^th August.

 

 

Disclaimer: This level is only for watch the market, not to trade. Before investment/trading please consult your advisor.

 

Note: We will meet on my YouTube channel within a very short period.

 

Nifty Future Live

 

Hi Friends,

 

Good Evening,

Last eight session’s average turnover of Nifty Future was 1396794, whereas today’s turnover was 24% less than the average.

Therefore the momentum was very slow.

Let’s talk about tomorrow’s view.

Vital support of Nifty Future is 11205.40 or 11203.05 or 11202.05 (any of them).

Reverse of 105 to 117 points from day’s low, will be an indication further up-move.

Very very vital and tough hurdle is 11###.80 or 11@@@.50 {(one of this two hurdle,) will update just before one hour of forming the TOP}.

 

Disclaimer: This level is only for watch the market, not to trade. Before investment/trading please consult your advisor.

 

Note: We will meet on my YouTube channel within a very short period.

Nifty Future Mantra – 30th July’ 20

·        Tomorrow’s  High-Low (possible) of  Nifty Future will be updated around 09:10 am on “Market Is On”

 

 

·        Join WhatsApp Group –“Market Is On” at: 9163743807

 

·        You will get very accurate reverse level of Nifty Future (intraday and short term).

 

·        Once you register with your name and contact number, you will get daily Market view around 09:10 am

 

·        NB: Existing Clients have no necessity to re-register.

 

·        It is Free.

Nifty Future Mantra – 28th July’ 20

Nifty Future possible levels:

 

Support 1: 11028.90

 

Support 2: 11015

 

Resistance 1: 11155

 

Resistance 2: 11170

 

Disclaimer: This level is only for watch the market, not to trade. Before investment/trading please consult your advisor.

Nifty Future Mantra – 29th June’20

From life-time high 12419.20 Nifty Future has corrected 4893.2 points (@7526). From this level the index already bounces back 0.615 (0.618%).

All of you know 0.618 is golden ratio of Fibonacci retracement. From this level a correction (small) is healthy for Market.

 

To know tomorrow’s view and exact turning level:

 

Join WhatsApp Group –“Market Is On” at: 9163743807.

 

Once you register with your name and contact number, you will get daily Market view around 09:10 am without any cost.

 

NB: Existing Clients have no necessity to re-register.

Nifty Future Mantra – 25th June’20

Yesterday written from 10578 or 10621 Nifty Future may correct around 347 point.

 

Today Nifty Future made high 10536 and starts to correct, already fall 262 points, 75% of 347 points.

 To know tomorrow’s view and exact turning level:

 

Mail me –“quarry” to    nima.finc@gmail.com

Or whatsApp me –“quarry” at: 9163743807.

 

Once you register with your name and contact you will get daily Market view around 08:15 am without any cost.

 

NB: Existing Clients have no necessity to re-register.

Nifty Future Mantra – 23rd June’20

Key Support-Resistance level of Nifty Future

First support of the day is 10195,

If Nifty Future slips this level then wait for 10164.

Vital resistance is 10426.

Single closing above 10384.70 Nifty Future may touch 10676.

Nifty Future Mantra – 17th June’20

Vital resistance of Nifty Future is 9930 OR 9976.

Tough hurdle to cross is 10012.80

First support of the day is 9525

Crucial support of the week is 9088.95

Nifty Future Mantra – 11th June’20

Nifty Future’s possible activity

 

Vital resistance of Nifty Future is 10180.

If the index fail to cross 10183 and start to fall then we may witness another round of PANIC selling.

In that scenario below 9992, Nifty Future may take support at 9896 (possible reversal point).

Single closing above 10319 Nifty Future will run to touch 10707.45

Nifty Future Mantra – 10th June’20

Key Support-Resistance level of Nifty Future

 

Yesterday written “vital support is 10003 OR 9992”

Nifty Future made low 10006.

Now vital resistance is 10245.95.

Single closing above 10488/10499 Nifty Future will run to touch 10707.45

Nifty Future Mantra – 8th June’20

There is a myth that if price increasing – OI decreasing - Volume decreasing then it is “Weak trend/Short covering Rally”

But a short covering rally never be an Impulsive wave.

 

Key Support-Resistance level of Nifty Future

 

First resistance of Nifty Future is 10242,

 Next resistance is 10346 (SGX Nifty already made high 10349).

 Vital resistance is 10454.05

 First support of the day is 10248.05.

Nifty Future Mantra – 1st June’20

Key Support-Resistance level of Nifty Future

 

First resistance of Nifty Future is 9584 OR 9586;

 

Very tough hurdle to cross is 9631.85,

 

First support is 9334.

Nifty Future – Strong support 8562.65

Key Support-Resistance level of Nifty Future

 

First resistance of Nifty Future is 9011.

 

Above this vital resistance is 9104.

 

Below yesterday’s low Nifty Future may take strong support at 8562.65.

Nifty Future – Reverse from Day’s Low

Key Support-Resistance level of Nifty Future

 

 

§  Above 9680 vital resistance of Nifty Future is 9906 to 9915.

 

§  Vital support zone of the day is 9238 or 9233.50

Nifty Future – Flat or Gap-down opening?

Key Support-Resistance level of Nifty Future

 

 §  First support of Nifty Future is 8951.

§  From first support the index may rally 80+ points.

 

§  Below the first support next vital level where Nifty Future may holt for a while is 8796///8788.70

Nifty Future – Another round of PANIC soon

Key Support-Resistance level of Nifty Future

 

 

§  First resistance of the day is 9396.95 or 9401.95.

 

§  If Nifty Future able to cross the mentioned level then may go maximum to 9459;

 

§  First support of Nifty Future is 9213.

 

§  Closing below 9125 Nifty Future will touch 8691.15 within the week.

Nifty Trade Tips

Nifty Future Fall

                                                         

Good Morning and Wish You a Happy Trading Session ….

After a gap-up opening Nifty Future has continued the correction mode throughout the session. From first support of 10277 an intraday bounce back pull Nifty Future to 10364, but fail to sustain and start to melt. Finally the index made low at 10206.

Scope of Short

From 11793 (life time high) Nifty Future already corrected 13.46% (1587 points) from 31 August’18 to 22 October’18. This type of correction and pattern indicating that fall will be continue.

Now the question arises what should the retail investors do. Withdraw their capital or wait for the bottom. But we are already late. This thought was appropriate at the first week of September.

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

Yesterday Foreign Institutional Investors have bought 4827.11 Cr. and sold 5339.02 Cr. the net trade value was -511.91 Cr.

 Domestic Institutional Investors have sold 3472.54 Cr. Against buy of 3775.75 Cr.

Type of trade was as regular, FIIs were at sell side and at opposite DIIs.

 

Links

              Important Link for Mobile Users

India VIX Snapshot

Yesterday high of India VIX was 21.6725 and low was 17.0800;

Above 22.0300 be cautious, next round of correction may take place.

OI at Option Trading

Strike price of most active Nifty CALL was 10500, OI was 41, 80,500.

But most active PUT was 10000, and open interest was 36, 80,625. From last few sessions most active put option is 10,000. And Nifty Future recent low is 10155,

 If Nifty Future breaks the level then Panic selling will be stronger.

Key Support-Resistance level of Nifty Future

 

Resistance

Vital resistance of the day is 10282.70/10283. Above the level tough hurdle to cross is 10292. This is not a bull phase, from any resistance Nifty Future melt down sharply.

 

Support

Below 10133 Nifty Future may take next support at 10077. After breaking 10077 Panic selling will pull down the Index around 9960----9629.

Today’s Overview:

From any resistance levels a sharp correction may took place; at long positions maintain strict stop losses. Below 10206 just see Panic selling in the market.

Nifty Intraday Call

Nifty Future Broken Rally

                                                         

Good Morning and Wish You a Happy Trading Session ….

Yesterday’s move was totally zigzag. Three bottoms and three tops make the session choppy and tough to trade for intraday traders. After reversal from day’s low 10300 Nifty Future crossed previous day’s high 10417.95, and made new top at 10424.

Bulls-Bears

But failed to sustain at top and made new intraday low 10291. Total pattern from 10417.95 to 10424 shows that this is move is not for initiate positional long.

Advance and decline ratio of Nifty 50 was 25:25. Reason is that the move was zigzag.

After this rally (intraday) question arise, is Nifty Future bottomed for the time being or this is a part of relief for Bulls.

Or, this is good opportunity for Bears to go short again?

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

Sell value of Foreign Institutional Investors was greater then buy value by  -1242.46 Cr. but FII are decreasing their selling  if compare with last weeks’ trade.

From 01 October FIIs have net sold -14269.91 Cr.

 Domestic Institutional Investors have bought 3956.84 Cr. against selling of 2430.84 Cr.

 

Relief-rally

India VIX Snapshot

Yesterday written about the range of India VIX was 22.97 to 18.50, average is 20.735. The index made high 20.3575.

The index is moving almost near of its 52 week high (24.0350). If today cross 22.97 then be ready for another round of PANIC.

OI at Option Trading

Strike price of most active CALL was 10500, and contact added 29, 97,750. But most active PUT was 10000, and the open interest was 41, 64,000

Just look at the range, upper circuit is 10500 and the lower is 10000. This is indicating very high range of volatility.

Key Support-Resistance level of Nifty Future

Above 10345 vital resistance of the day is 10391.If volume support and Nifty Future able to cross 10429 then single closing above10485 Nifty Future may jump to 10604(!).

Below 10212 vital supports is 10195.Single closing below 10158 Nifty Future may melt down to 10028/9055.

 

Overview

Today’s Overview:

Wave pattern from 10212 to 10424 to 10291 we can predict it is not the preparation or starting of any Bull move, it is the part of a correction.

Therefore try to short at higher level. Strictly avoid accumulate long for short/long term.

Nifty Trading Tips

Nifty Trade yesterday

                                                         

Good Morning and Wish You a Happy Trading Session ….

Nifty future (Market also) continuing to form new highs from last few weeks. Maximum credit of previous week’s rally goes to two big player Reliance Industries and L&T.

predicting

Reliance increased 5.98% from 1207.65 to 1279.95 and L&T hike 10.75% from 1231.45 to 1363.90.

On Friday low of India VIX was 9.4300, far low from previous week’s average 13.2825. it is suggesting a strong up move, this week is of derivative expiry week, and naturally volatility will increase repeatedly. Let see what happen.

At last trading day of previous week most active Call option was 11600 and OI (open interest) generate was 39, 24,425 contracts. And most active Put was 11500 strike, OI was 40, 16,850 contracts.

Difference between OI of the two contracts was approx nil. And range is of 100 points. that means market participants are confuse. This is the chance of increase volatility.

Third and fourth session of last week FII and DII were on buy side. But at last trading session Foreign Institutional Investors was on sale side, net trade value was -75.78 Cr. And Domestic Institutional Investors bought huge, the amount was 904.75 Cr.

Investors

Nifty Future is going to day

Vital resistance of the day is 11602, If Nifty future open above this and cross 11622 then next resistance will be 11642. Single closing above 11684 quite chance to show 11830//11832 within this week.

If Nifty Future open around 11602 and fail to cross the level then next vital support is 11533---11531.85. Will Nifty Future reverse from this level?

Or will try to break 11512? In that case 11498 and 11469 will be the crucial supports of the week.