Nifty Future Trading Tips

Nifty Future Nifty Stocks

                                                         

Good Morning and Wish You a Happy Trading Session ….

Nifty Future AGAIN touched a new life-time high today. the rally was led by several clauses, and was led by Metal-Banking-Financial sectors, Global Strong cues and some recovery of INR.

Ups n down

From last few posts writing about the Indian VIX, whenever VIX will increase that means volatility will be increased and correction at market will be stronger.

Just look on Friday VIX was 13.160, yesterday’s high was 13.5500 and from that level it made low 11.3450, what was the effect of it ? Nifty Future jump 11585 from 11510.

Intraday Trade of Nifty Future

Although maximum market motivated reasons in favors of BULLs, but Foreign Institutional Investors was one side seller, there net trade value is -483.04 Crores now question arise then why the effect was not seen?

The reason is Domestic Institutional Investors, they have bought 593.22 Crores.

The present rally of Nifty Future was started from 10556.95, yesterday’s high was 11585, a jump of 9.738%, at that point it seems slightly overbought, and some small correction can’t be ruled out.

 

mixed move

But as I written yesterday, before forming its’ TOP Nifty future will take more 2 corrections of 130+ points.

What to be today?

Now Nifty Future is running to break the previous and to make new high, this is the very crucial point where maximum retail investors get trapped. Don’t jump and buy at any level.

Just wait for a good bottom to buy. Today Nifty future may touch 11620, if cross the level with volume then may touch 11662.77, but very tough(!) hurdle is 11705 today.

Nifty Future Intraday Buy Sell 17th August

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.

 

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. 

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 13^th Augusts’ low 11372 to 14^th 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?

 

Group Works

Day’s vital resistance is 11439/43 above this Nifty Future may face next hurdle at 11479, if face hurdle at 1^st 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?