Nifty
Yesterday’s activity
Yesterday Nifty Future tried to recover after negative opening;
it made high 11460 and fails to sustain the move. And after that Nifty Future melt down 83 points sharply.
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| Nifty Future |
On Thursday Indian VIX is increased
significantly, writing from last couple of days that increased at VIX is making strong the possibilities of
down fall. Look at the chart below how VIX is increasing.
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| Indian VIX |
FII’s net trade is -825.08 Crores, where DII have bought 133.78 Cr. Foreign Intuitional
Investors are selling continuously, last four days total sell is 2686.44 Crores. Is this a clear signal
of PANIC sell?
Vital
Support Resistance on Friday’s Trade
Discussed earlier how VIX is increasing; there is possibility of down move, from 13th
Augusts’ low 11372 to 14th Augusts’ high 11478 to yesterday’s low
11377 showing that a small bounce back is quite possible,
And the bounce back may be above 11478, yesterday written about the support level 11372,
told last hope for Bulls’ Nifty Future made low
11377. Now
what?
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| Group Works |
Day’s vital resistance is 11439/43 above this Nifty Future may
face next hurdle at 11479, if face hurdle at
1st resistance then may come down to form day’s support at 11391/11388.
Tough hurdle of the day is 11497, although this is very near of
Nifty Future’s life time high 11504.but may start down journey from that point.
If Nifty Future break 11372 then may take next support at 11320/11318, below this
11268 may act strong support?
