Showing posts with label down. Show all posts
Showing posts with label down. Show all posts

Tuesday, May 19, 2020

Nifty Future – Coming resistance 9197




Key Support-Resistance level of Nifty Future

 

Possible resistance of Nifty Future is 9192//9197.

 

Before this inner resistances are 8990 and 9078///9084.

 

And inner supports are 8926/8924 and 8958.


If fails to cross 1st resistance (mentioned) and break 8811 (recent low) then the index may start to fall to touch 8562.


Friday, August 17, 2018

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-17-August-2018.jpg
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-last-five-days-chart-17-August-2018.jpg
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?

 
group-works-a1-nifty-tips-17-August-2017.jpg
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?