Nifty near Impervious Wall

Market Outlook

From couple of days I am writing that Nifty Future is going to touch a tough hurdle. There after another round of correction may be start.

Key Support-Resistance level of Nifty Future

·        First resistance of Nifty Future is 9448

·        Nifty Future may run maximum 9561.15 or 9598.

·        Vital support is 8981.65

Nifty Intraday Trading

This zig-zag up move may continue for some time, but wave structure showing that another round of panic may push the market more deep then expectation.

Therefore don’t be trapped at higher levels.

First resistance of the day is 9235.25;

Above this next resistance is 9319.50 or 9326.80.

         **************************************************************************

From any of the resistance an intraday correction of 548/550 points is quite possible.

Nifty Future Tomorrow

Key Support-Resistance level of Nifty Future

·        Vital resistance zone is 12305 or 12308.

·        If Nifty Future crosses 12355 then short covering will pull the rally.

·        If Nifty Future fail to cross the mentioned hurdle then another round of panic may be start.

Nifty Reversal Level

Key Support-Resistance level of Nifty Future

     Below 12067.90 immediate supports is 12051.85;

     Crucial support is 12005.75---11999.

     Nifty Future will get strength only above 12177.85 or 12180.50;

     Closing above the mentioned resistance Nifty Future will run to touch 12309.20 or 12312.25;


***

Due to political intolerance (C.A.B issue) state administration has ordered to stop Internet service at maximum area of our state.

For that reason today we were unable to update at current market hours.

Nifty Tips Intraday

Good Morning and Wish You a Happy Trading Session ….

Yesterday after making high 10844, Nifty Future starts to melt down, and make intraday low at 10758. And reverse sharply. Near end of the session the index made high 10872.75.

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

Yesterday Foreign Institutional Investors have bought 3437.43 Cr. and sold 3991.21 Cr. net trades were – 553.78 Cr.

And Domestic Institutional Investors have bought 3343.63 Cr. and sell of 2645.66 Cr. net trade values + 698.17 Cr,

India VIX Snapshot

Yesterday India VIX made high 16.5725 and low 14.7350.

Advance and decline ratio of the Nifty was 24:26

OI at Option Trading

Most active CE was 11,000, and OI was 38, 61,150.

Key Support-Resistance level of Nifty Future

Below 10682.75 Nifty Future will start to melt to 10662.50. If NF stays below this level then another round of Panic selling may start.

Above 10897.85 next vital resistance of the day are 10915.60. Once Nifty Future able to close above 10955 then may run to higher of 11793 (lifetime time high).

Today’s Overview:

Below 10662 Nifty Future will become week.

Nifty Trading Today

Good Morning and Wish You a Happy Trading Session ….

After open at red Nifty Future melt down slow but steadily, at downfall of 98 points session Nifty Future has tried to recover some. But the initiative was as regular part of a wave.

From its up journey from 10030 Nifty Future already rallied 7.47%. Now the question arise is Nifty Future near of the TOP, if so then a sharp bear move is waiting. Coming BEAR move may melt down Nifty Future near 9900 level.

After analysis the wave structure it can be predict this is not time for fresh short position. Keep in touch with our post.

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

Yesterday Foreign Institutional Investors have bought 3278.92 Cr. and sold 4032.09 Cr. net trades were -753.17 Cr.

Domestic Institutional Investors have sold 2835.02 Cr. Against buy of 2790.96 Cr. net trade values -44.06 Cr,

India VIX Snapshot

India VIX made high 19.6475 and low 18.2525 yesterday.  

Advance and decline ratio of the Nifty is 06:44,

OI at Option Trading

Strike price of most active Nifty CALL was 10800, open interest add 36, 14,100

But most active PUT was 10600, and Open Interest was 26, 47,725,

Key Support-Resistance level of Nifty Future

Below yesterday’s low vital support of the day are 10599.95, once Nifty Future start to trade below 10551 then Bear move will be confirmed.

Vital resistance of the day is 10697---10702. If Nifty Future able to trade above (!) 10808 then wait for 10839 for fresh short.

 

Today’s Overview:

Yesterday written- “Those are holding long be cautious, a sharp correction is on card.” Just look what happened.

The total session was corrective only. Today from first half’s bottom an up move is possible.

Nifty Future Rally

Good Morning and Wish You a Happy Trading Session ….

Yesterday after a positive opening, Nifty Future holds the acceleration of up move. From last few days writing about the rally. Yesterday’s move indicated the rally has begins. It will be clear today.

Although the wave pattern (till now) suggesting the up move. If today Nifty Future able to cross 6.75% from the low, than it will be a good indication of the rally.

After opening at 10089 Nifty Future run straight towards up, an intraday rally pulled Nifty Future to 10306.

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

Yesterday Foreign Institutional Investors have bought at 4411.77 Cr and sold 6642.56 Cr. despite of up-move of 2.75% from low 10030 within two trading session, this kind of selling is confusing.

 Domestic Institutional Investors have sold 2925.24 Cr. Against buy of 5452.14 Cr.

India VIX Snapshot

India VIX made high 20.8125 and low 19.2325 yesterday. Decreasing of high and low of this Index is good for bulls.

Close below 17.2656 will confirm the rally. Yesterday advance-decline ratio was 42:8.

OI at Option Trading

Strike price of most active Nifty CALL was 10500, and turnover was 9, 64, 294 .83 laces.

But most active PUT was 10000, and turnover was 7, 32,169.lacs. From last few sessions most active put option is 10,000. And Nifty Future yesterday takes a bounce back.

Key Support-Resistance level of Nifty Future

Above 10317.95 Nifty Future may face next resistance t 10488. Single closing above 10488 Nifty Future may run to 10714.85

Today’s Overview:

After making low at 10030 on Friday Nifty Future reverse 276 points yesterday. Now looking towards 10715, this will confirm the rally.

Work analysis:

Friday our Clients have bought 10650 CE @34 today the instrument made high 70.

Nifty Tips Intraday

Nifty Future Past Trade

                                                         

Good Morning and Wish You a Happy Trading Session ….

Yesterday within few minutes of opening (09:38 am Nifty Future made day’s first low at 10232. From there take a bounce back of 185 points. But Nifty Future failed to stay at day’s first top 10417.

Relief rally

After that Nifty Future made day’s last bottom at 10212, and after that it a was relief rally (intraday) of 205 points and made final high of the day at 10417.95

After that two sharp rally (intraday) question arise, is Nifty Future bottomed for the time being or this is a part of relief for Bulls.

Or, Nifty Future is going to give chance to Bear for a good short level?

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

Although sell value of Foreign Institutional Investors was greater then buy value by -1805.07 Cr. but FIIs have decreased their selling trade then last 3 trading days.

From 01 October FIIs have net sold -13027.45 Cr. this is an alarming issue.

As usual Domestic Institutional Investors have net bought +1973.97 Cr.

India VIX Snapshot

Yesterday India VIX jumped to 21.765, it is increasing continually. The index is at 90.55% of its 52 week high (24.0350). After two intraday pull back index is increasing.

 

Rally

Today if cross 22.97 then another round of correction is waiting. If fail to cross 18.50 and start to go down then rally may continue.

OI at Option Trading

Strike price of most active CALL was 10800, and contact added 28, 81,350. But most active PUT was 10000, and the open interest was 39, 36,600

Just look at the range, upper circuit is 10800 and the lower is 10000. This is too much abnormal or indicating very high range of volatility.

Key Support-Resistance level of Nifty Future

Above 10497 Nifty Future may face tough hurdle at 10514/10517.

Yesterday written about the vital support 10218, Nifty Future made low 10212 and reverse.

Today vital support of the day is 10340/10338. Single closing below 10212 Nifty Future may melt down to 10028.

 

Overview

Today’s Overview:

Below 11090 Nifty Future is overall week, single closing above 10517 may indicate fresh rally.

nifty short trading

Nifty Melting Session

                                                         

Good Morning and Wish You a Happy Trading Session ….

Nifty Future continued its fall-fall season at fifth consecutive days, yesterday’s fall was not as too sharp as Friday’s. But it was quite painful for Bulls. .

Market - Correcting

After making high  11185 at opening Nifty Future made its first bottom at 11107. A small try of  pull back Nifty Future to 11147, but failed to stay and smoooooooooth fall to 11010 and after that 10969.

The main factors which drag Nifty Future below 11000:

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

Yesterday Foreign Institutional Investors executed buy of 7589.48 Cr. and sold 8113.42 Cr. net trade was -523.94 Cr. And Domestic Institutional investors have bought 5471 Cr. against sell 3943.33 Cr. net trade was +1527.67 Cr.

Then at which sell-out market has corrected? Of non-institutional or retails investors? Oh! Seleucus, what an amazing country is INDIA. 

India VIX Snapshot

Yesterday’s high was 17.8550. And was 74% of 52 week high (24.0350).  Above 18.29 it may be more powerful and would the provider of strength to drag Nifty Future below 10861.

Most active contracts

Most active CALL was 11200, and open interest was generate 29, 52,000 and most active PUT was 11000, contracts was added 34, 00,200.

support

Key Support-Resistance level of Nifty Future

Very vital resistance of the day is 11070//11073(11072.60). If Nifty Future crosses it then 11096 would be the relief point of Bulls.

Very vital support is 10890, after breaking it if Nifty Future takes support at 10861 then a possibility of reverse move is possible, but if break the level with volume then be ready for pitch black correction.

Closing below 10798 would be the cause of PANIC.

Today’s Overview:

Now the question arrives, what should be the reversal point, from where Bulls can take a fresh breath?

good trade

Yesterday’s Nifty Option trade:

Yesterday at 10:10 am updated our Clients to buy 10950 PUT (September expiry) @47 with 1^st target 85 to 94.

10:12 am option made low 46.42 and reverse. Intraday high was 86.55

3 Days 326 Points

3 days profit

 Work analysis 07 September 2018

Trade 1. Book profit yesterday’s short position (holding short from 11562) at 11522. Profit 11562 – 11522 = + 40 points.

Trade 2. Sell Nifty Future @11597 SL 11599 (just 2 points) Target 11565. Profit 11597 – 11565 = +32 points

Time Factor: SMS sent at 10:29 am, at 10:53 am NF made high 11598 and came down to 11563.

Clients got 24 minutes to active the call.

Price Factor: Short Level was 11597 NF made high 11598 and meltdown.

Risk::Reward = 2::32 = 1::16

Trade 3. Buy NF @ 11581 SL 11579 Targets 11670 (Booked at 11631). Profit 11631 – 11581 = +50 points.

Time Factor: Call sent at 01:36 pm. NF touched 11581 at 01:52 pm.

Got 16 minutes to initiate the call.

Price Factor: Buy level was 11581, after 16 minutes NF touched 11581 and reverse.

Risk::Reward = 2::50 = 1::25

Total effect = +40 +32 + 50= +122 points/lot.

Work analysis 06 September 2018

Trade 1: Book losses of positional short (holding short from 11527)@11548. Losses 11548 – 11527 = -21 points

Trade 2: Buy NF @11539 SL 11536.60. SL triggered. Losses 11539 – 11536.60 = -2.4 points.

Trade 3:  Sell NF @11504 Target 11470, after initiating the call NF made low 11470(was day’s low). Profit 11504 – 11470 = +34 points

Trade 4: Buy NF @11474 SL 11469.95 Booked 11582. Profit 11582 – 11474 = +108 points.

Trade 5: Sell NF @11562 (positional) …..

Total effect = -21 -2.4 +34+ 108 = 118.6 points/lot.

Work analysis 05 September 2018

Trade 1: Buy NF @11540 SL 11538.50Targetg 11577. SL triggered, losses 11540 – 11538.50 = -1.5 points.

Trade 2: Buy NF @ 11488 SL 11486.45 Targets 11526. SL triggered, losses 11488 – 11486.45 = -1.55 points.

Trade 3: Buy NF @ 11451 SL 11448.80 Targets 11489. Target achieved. Profit 11489 – 11451 = +38 points.

Trade 4: Buy NF @11477 SL 11474 Target 11527. Target achieved. Profit 11527 – 11477 = +50 points.

Trade 5: Sell NF @11527 SL 11533 (revised)…..

Total effect = -1.5 – 1.55  +38  +50=  85 points/lot.

05 September, 2018 à +85 points

06 September, 2018 à +118.6 points

07 September, 2018 à +122 points

---------------------------------------------------

TOTAL à  326 POINTS

---------------------------------------------------