Nifty Future Mantra – 7th August’ 20

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Nifty Tips Today

Good Morning and Wish You a Happy Trading Session ….

Key Support-Resistance level of Nifty Future

§  Above 11105.85 next resistance of Nifty Future is 11133.75:

§  If Nifty Future able to cross 11151 then may face next resistance at 11170 or 11178.

§  Below 10983.55 Nifty Future may take next support at 10951.90.

§  Crucial support is 10753 or 10745.

Nifty Trading View

Good Morning and Wish You a Happy Trading Session ….

Key Support-Resistance level of Nifty Future

Vital resistance of the day is 11087; if Nifty Future start trade above 11163 then just waits for 11202.

Vital support of the day is 11010; crucial support of the day is 11002.

If Nifty Future break 10926 then be witness of Panic selling.

If Nifty Future break 10806.90 and single close below this level then be ready to see Nifty Future at 4 digit values.

Nifty ICICI Bank

Good Morning and Wish You a Happy Trading Session

Key Support-Resistance level of Nifty Future

Vital resistance of the day is 11882---11889. If Nifty Future start to trade above 11933, then will try to cross 12035.80.

Below 11794.25 next vital support of the day is 11779.50. If Nifty Future break this level with volume then, wait for 11750-----11707.

ICICI BANK:

If volume support this stock may hit 442.55 within three sessions.

From the level this stock may correct around 40 points.

Nifty & Reliance Tips

Good Morning and Wish You a Happy Trading Session ….

Key Support-Resistance level of Nifty Future

Vital resistance of the day is 11092.40---11095.40.

AND

Vital support is 10819.65……

Today’s Overview:

From days high an intraday correction is quite possible.

Vital resistance of Reliance (cash) is 1246.40.

AND

Vital support is 1210.30……

Today below 1210.30 Reliance may take crucial support at 1197.50---11088---1165.55 (Best Buy).

Disclaimer: This is not any investment recommendation; we are sharing our views only.

Nifty Future Tips

Good Morning and Wish You a Happy Trading Session ….

Key Support-Resistance level of Nifty Future

If Nifty Future fail to open above 10928 then may take 1^st support at 10860. From days high the index may correct 200 to 225 points. Vital support is 10784.

 First resistance of the day is 10988. Vital resistance is 11007/11009.40…..

Today’s Overview:

From days high an intraday correction is quite possible.

Today below 1210.70 Reliance may take crucial support at 1197.50---11088---1165.55 (Best Buy).

Disclaimer: This is not any investment recommendation; we are sharing our views only.

Nifty And Reliance

Good Morning and Wish You a Happy Trading Session ….

Yesterday movement of Nifty Future was range bound and very slow. Now above 10866 or below 10746 there will be tradable movement.

Key Support-Resistance level of Nifty Future

First support of Nifty Future is 10680. Closing below this level the index may drag to 10524.90----10452.80.

 Vital resistance is 10866.

Today’s Overview:

Till Nifty Future is below 10746, overall trend is down.

Today above 1245 Reliance can run up to 1286.10(!) within next week.

But if fail to cross the hurdle today, Reliance may melt down to 1197.50-----1165.55 (Best Buy).

Disclaimer: This is not any investment recommendation; we are sharing our views only.

Nifty Future Today

Nifty Trade yesterday

                                                         

Good Morning and Wish You a Happy Trading Session ….

Yesterday Nifty Future’s open was gap-up with forming a new life time high 116622. But fail to stay at green, it melt down to 11553 and reverse to 11604.90 again.

correction

Tuesday range of India VIX was 13.6350 – 9.9275, yesterday’s band was 13.1175 - 9.5300. No change of bands, just look at the two days’ Nifty Future move also, almost same.

Tuesday Nifty Future starts to melt down from 11590 to 11558 and reverse to 11592 again. Yesterday move was same as “V”, made high 11622 down to 11553 and reverse to 11604.90.

Yesterday Foreign Institutional Investors’ net trade (Buy value – Sell value) value was +433.21 Crores. And Domestic Institutional Investor’s net trade value 142 Crose. Both institutions are buying from last two days.

On last trading session most active Call strike price was same as Tuesday 11600, and Open Interest built was 35, 32,125 contracts, and Put strike was 11500. Open Interest was 45, 85,650 contracts, was followed by strike 11400, OI was 41, 99,775 contracts.

That’s clearly indicating market participants’ view is range bound between 11600 to 11400.

The term “Accuracy”

Mid day update

Yesterday updated about the resistance 11603 to 11605.90 at all social media……look what was the result…..”Nothing to Hide”

Nifty Future is going to day

Already written yesterday Nifty Future is looking slight overbought. And a correction of 130+ points is overdue. After hitting high of 11622 it melts down to 11553.

Now what?

Vital resistance of the day is 11615, If Nifty future open above this and cross 11622 then next resistance will be 11642.

But it is quite possible to trade below 11615 or below 11604.90. Then vital support is 11502, and crucial support is 11481. Then what?

There is any possibility to bounce back from any support level? Let see…

Logo

Stock Pick of the Month

Try to collect your memory, on 7 August, 2018 written about the Reliance Industries. Also written this is one of my favorite stocks. On 6^th August Reliance made high 1196, and I have updated to accumulate it.

Look what happened. Yesterday Reliance made fresh 52 week high of 1274 on NSE. On BSE it made high 1273.55. Free Float Market Capitalization (Crs.) 4, 46,087.36 and 4, 26,486...44 on NSE and BSE respectively.

As all of you know Reliance Industries Ltd. Is the 2^nd largest           WEIGHTAGE holder (9.34%) of Nifty 50, this is the one of the reasons Nifty Future turned green from red at the end of the session.