Nifty Future Mantra – 3rd July’ 20

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Nifty Future Mantra – 15th June’20

Key Support-Resistance level of Nifty Future

First support of Nifty Future is 9865,

If Nifty Future takes bounce back from this level and cross Friday’s high (9982.15), then the index may run to touch 10037.

In case Nifty Future break 9811 and take support around 9795 then it will be clear indication of continuous corrections.

Crucial support of the week is 9025.45

Nifty Future Trend

Good evening and Wish You a Happy Trading Session Tomorrow.….

Market Outlook

Last Thursday I have written:

“Before next round of correction, we expect some upside price movement...”

At Thursday market fall sharply, all business channels were doing bla-bla, this is six month low…such and such.

Same day at 4 pm I have written before another round of panic there will be a bounce back at Market.

All of you have witnessed what happened.

At Friday on 12:41 pm when Nifty Future was trading at 11234, I have written the index will start to fall from 11403.

At 02:22 pm Nifty Future made high 11405.90 and fall 153 points within few minutes.

Key Support-Resistance level of Nifty Future

§  Vital resistance is 11412.50;

§  Closing above the mentioned level Nifty Future may touch 10664.10 before expiry.

§  Vital support zone is 1117.15---11112.40.

Nifty Intraday Tips

Good Morning and Wish You a Happy Trading Session ….

Key Support-Resistance level of Nifty Future

First support of the day is 11443; below 11420/11409 just wait for free fall.

Closing below 11409 Nifty Future may take support at 11202.95---11199.20 within this week.

Today’s Overview

Correction may continue. Any bounce back is good opportunity of going short.

Nifty Future Trend

Good Morning and Wish You a Happy Trading Session

Key Support-Resistance level of Nifty Future

·        Yesterday mentioned about the vital resistance 12049.60, Nifty Future made high 12070 and melt down 429.85 points.

·        Today above 11825.65 vital resistances is 11897.

·        If so happened and Nifty Future fail to cross the hurdle then wait for another round of sharp correction.

Today’s Overview:

.Yesterday written:

“…. a sharp correction is quite possible. Today market will be very volatile.”

Nifty Future corrected 429.85 points.

Nifty Future Bottom

Good Morning and Wish You a Happy Trading Session

Key Support-Resistance level of Nifty Future

Below 11563.95 next vital support of Nifty Future is 11538.50,

If the index break 11472.50.and start to trade below this level, then crucial support of the day is 11432---11422.50.

If Nifty Future fails to break 11573 and face the hurdle 11680.25----11691.50 then just wait for intraday rally.

Today’s Overview:

Below 11563 corrections may continue.

Nifty Intraday Tips

Good Morning and Wish You a Happy Trading Session ….

Key Support-Resistance level of Nifty Future

Vital support of the day is 11656.40----11654.75, If Nifty Future break 11642 then crucial support of Nifty Future may be 11586---11583.

At upper side vital resistance is 11761.55.

Today’s Overview:

Nifty Future is trading near of its expected bottom.

Nifty Future Tips

Good Morning and Wish You a Happy Trading Session ….

Key Support-Resistance level of Nifty Future

As expected today Nifty Future made new Life Time High 11822.75. Once it crossed the previous high then the upper motion may continue.

First resistance of the day is 11754, vital resistance of the day is 11768---11783. Above 11798/99  Nifty Future may run to touch 11845.75

Today first support zone is 11683—11671. Vital support of Nifty Future for the day is 11647.50. Crucial support is 11563.90.

Today’s Overview:

Once Nifty Future take bounce back from any mentioned support level, then don’t hold short position at Nifty or any Nifty Stocks.

Nifty Intraday Call

Good Morning and Wish You a Happy Trading Session ….

Key Support-Resistance level of Nifty Future

Vital support of the day is 11344.25—11336.

Above 11373.75 vital resistances is 11415/11418. After crossing 11427 Nifty Future may touch 11454.50.

This rally may extended around 11472.50—11477.

Today’s Overview:

Overbought condition is not good for fresh long term buy, but you may buy for intraday.

Past Performance March 2019

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 Analysis

Good Morning and Wish You a Happy Trading Session ….

From low of 10602 Nifty Future is moving upward continuously. On Friday the index made high 10833.

And a mild correction (intraday) correction Nifty Future has showed the trend of recover.

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

On Friday Institutional Investors have bought 10437.99 Cr. and sold 4126.98 Cr. net trades were + 6311.01 Cr. Massive buy after a long time.

And Domestic Institutional Investors have bought 3717.9 Cr. and sell of 2879.02 Cr. net trade values + 838.88 Cr,

India VIX Snapshot

 On Friday INDIA VIX made high 16.0525 and low 12.3150

Advance and decline ratio of the Nifty was 33:17

OI at Option Trading

Most active CE was 11,000, and OI was 41, 10,750 and most active PE was 10,700. And OI was 35, 78,625.

Key Support-Resistance level of Nifty Future

Above 10891.90 next resistance is 10924.90.Vital resistance of the day is 10953.55---10954.50.

From days high a correction of 60 to 64 points is possible.

Today’s Overview:

Overall trend is up ward.

Nifty Trading Today

Good Morning and Wish You a Happy Trading Session ….

Yesterday Nifty Future opens at green and made high 10809.90. But from days high, the index starts to melt.

After continuous correction through the session Nifty Future made low 10653 almost end of the session.

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

Yesterday Institutional Investors have bought 6304 Cr. and sold 7543.79 Cr. net trades were – 1239.79 Cr.

And Domestic Institutional Investors have bought 4278.77 Cr. and sell of 1942.03 Cr. net trade values + 2336.74 Cr,

India VIX Snapshot

 Yesterday INDIA VIX made high 18.1925 and low 11.8500

Advance and decline ratio of the Nifty was 13:37

OI at Option Trading

Most active CE was 10,800, and OI was 18, 67,875 and most active PE was 10,600. And OI was 7, 26,150.

Key Support-Resistance level of Nifty Future

If Nifty Future able to sustain able yesterday’s low (10653), then the index may run upward.

Vital resistance at this scenario of the day is 10857.80----10861.80. Above 10921.60 Nifty Future may run to 10951---10952.55.

If Nifty Future break 10641 then another round of panic may drag Nifty Future below 10602.80-----10534.25..

Today’s Overview:

If Nifty Future able to sustain above yesterday’s low, then you may witness a rally for the time being.

Past Performance

Past Performance February’2019:     Date    Script    Entry Trade Target     SL  Effect 31.01.2019 NF 10682 Buy 10761 10680 -2 NF 10733 Buy 10814 10731 +81 01.02.2019 NF 10918 Sell 10920 10877 +41 NF 10890 Buy 10969 10887 -3 04.02.2019 NF 10844 Buy 10877 10842 +33 05.02.2019 Call was not Initiated We adjust No call days 06.02.2019 NF 11056 Buy 11097 11054 +41 07.02.2019 NF 11067.5 Buy 11122 11065 -2.5 NF made Low 11060 And reverse To 11134 08.02.2019 NF 11052 Buy 11137 11047 -5 NF 11050 Buy 11135 11047 -3 11.02.2019 11150 CE 37 Buy Positional --------------- NF 10917 Buy 10952(booked at 10945) +28 12.02.2019 NF 10925 Buy 10988 10922 -3 NF 10914 Buy 10952 10912 -2 NF 10899 Buy 10934 (NF made high 10927) Exit at cost 00 13.02.2019 NF 10905 Sell 10830 10908 +75 14.02.2019 NF 10773 (Buy  NF @10773-10772, NF low was 10773) Buy 10806 NF made high 10803 and melt down 10770 -3 15.02.2019 NF 10707 Buy 10752 10705 -2 NF 10694 Sell 10645 10698 +49 18.02.2019 NF 10694 Buy 10744 10691 -3  NF  10657 Buy  10744 (exit at 10660)   10655  +3 19.02.2019 NF 10665 Buy 10712 ( call was not initiated) 10663 00  NF  10672  Buy  10712 (call was not initiated)  10720  00 NF 10700 Buy 10747 10697 +47 NF 10640 Sell 10603 (intraday) +37 Our Specialty: I.                    Deliver calls minimum 15 minutes before entry. II.                  No Current Market Price Entry or Exit. III.                SL is 2 points to max 07 points. IV.               Single Target, (If move is below 45 points.)           V.     We adjust the “No Call” days.